Trump launches probe into Brazil’s ‘unfair’ trade practices

The Trump administration says it has launched an investigation into Brazil’s “unfair” buying and selling practices.It is going to embody the Brazilian authorities’s insurance policies “associated to digital commerce and digital cost providers; unfair, preferential tariffs; anti-corruption interference”, a press release from the US Commerce Consultant mentioned.The investigation seeks to find out whether or not they’re “unreasonable or discriminatory and burden or limit US commerce.”Final week, US President Donald Trump urged Brazilian authorities to finish their prosecution of the nation’s former President Jair Bolsonaro, accusing them of finishing up a “WITCH HUNT”.Commerce Ambassador Jamieson Greer mentioned that the probe was being launched at Trump’s course “into Brazil’s assaults on American social media corporations in addition to different unfair buying and selling practices that hurt American corporations, employees, farmers, and expertise innovators”.Trump first flagged the investigation in a letter to Brazil’s president, Luiz Inácio Lula da Silva, final week. In the identical letter, Trump introduced a 50% tariff on Brazil beginning on 1 August. Lula mentioned in response that Brazil would match any enhance in tariffs. Final 12 months, commerce between the 2 international locations was price $90bn, with the US promoting extra items to Brazil.