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United States President Donald Trump's proposed 50% tariff on copper imports would affect Mexican exports worth around US $1 billion per year.
Trump, who has called Bolsonaro a friend, had hosted him at his Mar-a-Lago resort back in 2020, when both were in office.
The president is deploying the word “deal” liberally, using the term to describe all kinds of trade arrangements, some very limited or one-sided.
Since his first term in 2017, President Donald Trump’s trade policy has had two dimensions: one familiar, one unfamiliar. The unfamiliar—indeed, radically unfamiliar—approach has been the huge increase in tariffs on imported goods for the first time in nearly a century.
President Donald Trump has officially delayed imposing higher tariffs on US imports, while sending letters to 14 countries including Japan and South Korea detailing the levies they face. The latest development comes as a 90-day pause the White House placed on some of its most aggressive import taxes was set to expire this week.
Today's letters to seven minor trading partners add to the 14 other tariff rates U.S. President Donald Trump set earlier in the week.
The world's largest EV maker is halting plans to build a major factory in Mexico due to concerns about US trade policies.
Trump delayed the "reciprocal tariffs" in April, vowing to strike roughly 90 trade deals in 90 days. So far, the White House says it has reached trade agreements with only the United Kingdom and Vietnam, as well as a preliminary accord with China.
The president is pressing foreign leaders on everything from military budgets to antitrust laws — all under the banner of trade.