Trump, Brazil and tariff
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Authorities from Brazil and China signed this week an agreement to start the studies for the construction of a railway connecting the Atlantic and Pacific Oceans, which would bring South America's largest country closer to the Asian giant trade-wise.
Brazil believes it can withstand Trump’s 50 percent tariff, and aides to Lula say he is unlikely to shrink from a confrontation with the White House.
The project will be carried out by Infra S.A., a state-owned company under Brazil’s Ministry of Transport, and the China Railway Economic and Planning Research Institute.
Proposal would connect Brazil’s Atlantic Ocean coast to Peru’s Pacific port of Chancay, cutting shipping times to Asia by up to 12 days.
In an extraordinary act of imperialist intimidation, President Donald Trump announced on Wednesday the imposition of 50 percent tariffs on all products exported by Brazil to the United States.
China's BYD is poised to start assembling electric vehicles at a new factory in Brazil as early as this month, a top executive said, reducing imports as tariffs start to rise in its largest foreign market.
A summit of leaders from the BRICS group of major emerging economies kicks off in Brazil Sunday – but without the top leader of its most powerful member.
China’s new travel policy took effect, granting citizens from Argentina, Brazil, Chile, Peru, and Uruguay visa-free entry for up to thirty days. Chinese state-backed firms are negotiating
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Stockhead on MSNWhy Brazil’s rare earth deposits could catch major attentionLynas could turn attention to Brazil's ionic clay deposits as it seeks to mine more heavy rare earths, lighting a fire under ASX explorers.
President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.