Trump threatens to hit Brazil with 50% tariff from Aug. 1

U.S. President Donald Trump on Wednesday threatened to impose a 50 percent tariff on all imports from Brazil starting Aug. 1, slamming the country for its treatment of former Brazilian leader Jair Bolsonaro.Trump additionally informed seven more countries -- Algeria, Brunei, Iraq, Libya, Moldova, Sri Lanka and the Philippines -- of new tariff rates, ranging from 20 percent to 30 percent.The tariff on Brazil is by far the highest among the new levy rates for U.S. trading partners that Trump has been releasing since Monday. A letter he addressed to the current Brazilian president, Luiz Inacio…READ FULL ARTICLE