No. of Recommendations: 4
Donald Trump posted a new “tariff letter” yesterday, and this one was notable because it didn’t follow the template of the others. Yes, it included the standard complaints about “Brazil’s Tariff, and Non-Tariff, Policies and Trade Barriers” as it threatened/announced a 50 percent tax on all imports to the United States from Brazil (sorry, fellow coffee drinkers). But half the letter was a specific complaint about the supposed mistreatment of former Brazilian President Jair Bolsonaro, whom Trump says he “respected greatly.”
Bolsonaro was a Trumpian populist strongman who encouraged his supporters to storm the Brazilian legislature after he lost re-election. No wonder Trump was a fan.
And late today- new 35% tariff against Canada.
And of course, Dow futures plunged 200 points on the news.
Would really love to know the trades made in the White House and Trump’s family. These announcements of on again off again tariffs make for some good thieving opportunities for those with advance information.
But alas, Trump has dismantled any oversight that might have blown a whistle.
