BRASILIA - As U.S. tariffs on Brazilian goods jumped to 50% on Wednesday, Brazil's President Luiz Inacio Lula da Silva told Reuters in an interview that he saw no room for direct talks now with U.S. President Donald Trump that would likely be a \"humiliation.\" Read more at straitstimes.com. Read more at straitstimes.com.
what I am concerned about, is what if the USA had the idea of placing export tariffs to brazil? this could be potentially way harder on brazil since Brazil actually has a trade deficit with USA, yes some other place like Portugal can try to buy USA goods and resell to Brazil to avoid the tariffs but that still increases the price by a lot. IIRC a very important import from the USA that brazil has is fertilizer, Russia may have biggest supply of the raw resources, the but USA still is one of the biggest producers, and Brazil buys a lot of it