By Admin 
Us tarifs on brazil: The US has boiled the biggest tariff bomb over BRICS member country Brazil. US President Donald Trump announced on July 9 to impose a 50 percent heavy tariff on Brazil. Prior to this, he had announced to put up high tariff rates over 5 countries, including 30 percent on Algeria, Libya, Iraq and Sri Lanka, while 25 percent on Brunei, Moldova and 20 percent tariffs on the Philippines. New rates of tariffs on all of them will be affected from August 1.
President Lula’s Warning
Here, Brazilian President Luiz Eneasio Lula Dr. Silva, who furious with President Trump’s heavy tariff, has threatened to take retaliation against it. He said that if America will increase the import duty by unilaterally by putting tariffs, then Brazil will also retaliate. Trump has also criticized the trial against former Brazilian President Zaar Bolsonaro and the behavior of him. Significantly, Bolsonaro is currently facing the trial of Takhtapat’s conspiracy.
Business conflict will increase
Significantly, the Brazilian BRICS group is a member of the countries, whose members are members along with Russia and China. Tariff letters are being sent by President Trump to those countries, which have not yet done any trade deal with America. Trump has to reduce his trade deficit, for this they are trying to create a constant pressure fee.
For the first time this year, on 2 April this year, President Trump was announced to put Tariff on the countries around the world. However, he was stopped for three months. But now the deadline of this tariff has been extended to 1 August. In such a situation, uncertainty is being seen once again in the international market.
Also read: Trump’s tariff is showing money unaware of the threats, the dollar was shown for the third consecutive day