Trump administration proposes 25% tariffs on Brazil despite extensive U.S. trade surplus
The Trump administration proposed 25% tariffs on imports from Brazil, charging that the world's 10th-biggest economy engages in trade practices that are "unreasonable'' and that "burden or restrict U.S. commerce.''
TL;DR
- Trump administration proposed 25% tariffs on imports from Brazil.
- The tariffs are due to Brazil's alleged "unreasonable" trade practices.
- These practices are accused of burdening or restricting U.S. commerce.