Trump threatens 50% tariff on Brazil
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When U.S. President Donald Trump linked 50% tariffs on Brazil to the trial against his ally, the country's former far-right leader, Washington left Latin America's largest economy with few options to deescalate but may have overestimated the country's vulnerability to the levies.
Authorities from Brazil and China signed this week an agreement to start the studies for the construction of a railway connecting the Atlantic and Pacific Oceans, which would bring South America's largest country closer to the Asian giant trade-wise.
"English is essential," says Tian Bin of IEST, a consulting firm that advises Chinese businesses in Brazil. He adds that showing interest in Mandarin is appreciated by executives, but even those reporting directly to Chinese managers are not required to speak it.
Proposal would connect Brazil’s Atlantic Ocean coast to Peru’s Pacific port of Chancay, cutting shipping times to Asia by up to 12 days.
China’s new travel policy took effect, granting citizens from Argentina, Brazil, Chile, Peru, and Uruguay visa-free entry for up to thirty days. Chinese state-backed firms are negotiating
China and Brazil signed a memorandum of understanding to study a transcontinental railroad connecting Peru's Pacific coast with Brazil's Atlantic coast, as part of a strategic export route, Brazil's Ministry of Transport said on Tuesday.
China's BYD is poised to start assembling electric vehicles at a new factory in Brazil as early as this month, a top executive said, reducing imports as tariffs start to rise in its largest foreign market.
The project will be carried out by Infra S.A., a state-owned company under Brazil’s Ministry of Transport, and the China Railway Economic and Planning Research Institute.
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President Trump is again amping up his trade threats, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August. The highlight of his letter barrage late Wednesday was his announcement of a coming 50% tariff on goods from Brazil in a letter sent to its president,