Trump's Brazil Tariffs are part of a bigger geopolitical dispute, and he's trying to find a way to get his point across to the Brazilian President, Jair Bolsonaro. President Trump wants to impose a 50% tax on Brazilian soybeans, a move that could have a negative impact on the Brazilian economy.
00:00:57.460So President Trump threatened a 50% terror from Brazil, driven by his support for Bolsonaro and frustration with Brazil rolling bricks, a coalition,
00:01:07.500which he views as a threat due to its push for reserve currency alternative to the U.S. dollar.
00:01:13.500Trump wrote on Truth Social, this is nothing more or less than an attack on political opponents, something I know a lot about,
00:01:18.740and accused Brazil of issuing hundreds of secret and unlawful censorship orders on U.S. social media platforms.
00:01:24.400The decision, followed by BRICS summit in Rio de Janeiro, which Mauricio Clever-Caron, a close ally to Secretary Marco Rubio and Trump's former Special Envoy Latin, said, tipped the scale.
00:01:37.740And obviously, while this is going on, there's a bunch of other decisions being made with New York Times even came out on a story talking about behind Trump's decision to tax Brazil.
00:01:47.860To say Bolsonaro, Eduardo Bolsonaro, his son, good guy, 41 years old, he's a sitting Brazilian congressman and son of Bolsonaro,
00:01:55.240has been lobbying U.S. officials, claiming the Brazil Supreme Court Justice, Alexandre de Moraes, not a good guy,
00:02:02.320is targeting him and his father for fighting a stolen election, prompting Trump to post online.
00:02:07.700This is nothing more or less than an attack on a political opponent, something I know a lot about, which happens to me times 10.
00:02:17.820Now, obviously, Trump's decision to impose tariffs, described by Steve Bannon as, I love it, and a more move, even he hadn't considered, was made alone,
00:02:27.180according to two people familiar with the private meeting, with Bannon stating, if you drop the trial and drop the charges, the tariffs go away.
00:03:44.380And so the president, in the name of free elections and in the name of thwarting the false, phony, monkey trial and false imprisonment of Bolsonaro,
00:05:02.560The 50% tariff is the world's biggest coffee producer starting August 1st.
00:05:07.320As stated in a letter posted on Truth Social on Wednesday, accusing Brazil government of attacking free speech.
00:05:13.100Arabica coffee prices in New York climbed more than 3.5% on Thursday morning, later settled around 2.5% higher, with a trader noting the letter is sending shockwaves across the coffee industry due to U.S.'s Brazil main coffee bar.
00:05:26.120However, Giuseppe Lavazza, chair of Lavazza Group, which owns Lavazza Coffee, warned on Wednesday before Trump's Brazil tariff threat, the tariffs between U.S. and coffee producing countries like Brazil and Vietnam would be challenging, stating the problem is to have tariffs between U.S. and Brazil, U.S. and Vietnam, U.S. and all other countries where coffee is produced, predicting a rise in the cost of coffee in the U.S.
00:09:57.980I have one more question for you on this.
00:09:59.740We consistently see certain countries in Latin America that, no matter what, keep going back to socialist policies.
00:10:11.180Like, you see what happened in some of the numbers that have come out of Argentina lately with some, what's our friend's name over there, Javier Mele, Afuera, about how he's basically reversed sort of the unemployment, the inflation, all the economic numbers, the housing, everything like that.
00:10:27.360What he's been able to do in Argentina.
00:10:29.600Why consistently, in some countries, in Latin America specifically, do they keep going back to this BS socialist policy?
00:10:36.780I'll keep it simple, and I'll go to my next story that has to do with this.
00:10:39.460Because manipulating, brainwashing, and owning the poor is a great business model that they use everywhere around the world, and they're easy to control.
00:10:52.220Because you use the most magical four-letter word that starts with the letter F, and it's so effective.
00:10:58.540There is no more powerful word to own a group of people than dropping that F-bomb.
00:11:06.660We're going to give you free programs, free health care, free food.