Brazil, a major ag exporter, significant player in the global economy, and founding member of the BRICS bloc, is now in President Trump’s crosshairs, receiving a “tariff letter” with the threat of 50 percent tariffs.  Imports from Brazil to the U.S. have faced a minimum 10 percent tariff since Trump’s announcement of “reciprocal” tariffs in April – the baseline rate he has applied to most goods from most countries during the 90-day negotiation period, which has now been extended to 1 August.  However, the cause of Trump’s proposed tariff rate is not economic nor trade related – BRICS nations faced a 10 percent blanket tariff earlier this week – but the rate is related to...

TAGS – Livestock, North America, South America