National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."

Total two-way trade with Brazil of $92 billion in 2024: Brazil is the 15th largest U.S. trading partner, but importantly, the U.S. has a rare $7.4 billion trade surplus. Some have flagged the tariff as being more politically motivated than economic.

BRASILIA (Reuters) -Brazil will work to get the United States to reverse 50% tariffs on Brazilian goods before they are set to take effect on August 1, Vice President Geraldo Alckmin said on Tuesday. Speaking to reporters in Brasilia after meeting with ...

Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.