trump Brazil tariffs Bolsonaro Lula trade imbalance.

Brazil's former President Jair Bolsonaro points a photo of him during a motorcycle caravan by supporters to protest the Supreme Court trial where he faces charges for alleged involvement in a 2022 coup attempt, in Brasília, Brazil, Tuesday, July 29, 2025. (AP Photo/Luis Nova)

Trump signs order to justify 50% tariffs on Brazil

President Donald Trump has signed an executive order to impose his threatened 50% tariffs on Brazil. The order Wednesday sets a legal rationale that Brazil’s policies and criminal prosecution of former President Jair Bolsonaro constitute an economic emergency under a 1977 law. Trump earlier this month threatened the tariffs on Brazil in a letter to President Luiz Inacio Lula da Silva. But the legal basis of that threat was an earlier executive order premised on trade imbalances being a threat to the U.S. economy. But America ran a $6.8 billion trade surplus last year with Brazil, according to the U.S. Census Bureau.

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