This month, the United States announced new 50% tariffs affecting imports from both Brazil and Canada.

On 8 July, US President Donald Trump said the United States would apply a 50% tariff on all imports from Brazil.

The announcement followed a public dispute with Brazilian President Luiz Inacio Lula da Silva. Lula responded by stating that any new tariffs would be met with reciprocal measures.

According to the announcement by the US, the tariff on Brazilian imports will take effect on 1 August and will remain separate from all sectoral tariffs.

The measure represents an increase from the 10% tariff announced in April.

In addition, Trump imposed a 50% tariff on a broad range of goods imported from Canada earlier this week, citing what he described as “unequal treatment” of US cars, dairy and alcohol.

Products identified as targets include wine, hockey sticks and cement. Several Canadian exports will be exempt from the measure, including energy, potash, critical minerals and fish.

Canadian Prime Minister Mark Carney said “all options” remained available regarding Canada’s response to the tariff threat, but the two parties intend to continue trade talks in the coming period.