Trump targets Brazil with a 50% tariff
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Private jet operator Flexjet, a key U.S. customer of Embraer, suggested on Thursday it would stand by a record deal with the Brazilian planemaker despite turmoil from fresh trade tensions between the U.
Brazil downplays effects of US tariffs proposed by President Trump, as leaders signal a cautious willingness to negotiate. Brazil predicts minimal economic impact, despite concerns from exporters. Trump justifies tariffs amidst controversial legal proceedings against former President Bolsonaro.
President Donald Trump on Thursday announced that the U.S. would apply a 35% tariff to all imports from Canada beginning next month, reviving tensions with a major trade partner that had largely dissipated in recent weeks.