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  • Democracy Matters :verified:DemocracyMattersALot@mstdn.social
    Jul 31, 2026, 2:25 PM

    Brazil's tariff rate was set at 10 percent, but a recent order signed by Trump placed a 40 percent tariff on some Brazilian goods, to punish the country for prosecuting its former president, Jair Bolsonaro.

    The new rates unleashed a fresh round of uncertainty for dozens of countries. It also raised fears of inflation.

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  • Democracy Matters :verified:DemocracyMattersALot@mstdn.social
    Jul 31, 2026, 2:25 PM

    "There's one person who can afford to be cavalier about the uncertainty that he's creating, and that's Donald Trump," said Rachel West, a senior fellow on labor policy at the Century Foundation. "The rest of Americans are already paying the price for that uncertainty.”

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