Brazil urges trade talks with U.S
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Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
President Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.
Frozen concentrate orange juice futures have risen about 25% since President Trump said late Wednesday that he would impose 50% tariffs on imports from Brazil starting next month. Orange juice fut
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
1hon MSNOpinion
Brazil’s judiciary has started sweeping crackdowns on speech and political rivals. A U.S. tariff response signals the crisis has gone international.
Trump threatened a 50% tariff against Brazil, one of the U.S.’s largest suppliers of green coffee beans, starting Aug. 1.
Brazil will work to get the United States to reverse 50% tariffs on Brazilian goods before they are set to take effect on August 1, Vice President Geraldo Alckmin said on Tuesday.
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