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President Trump said Wednesday he will hit Brazil with a 50 percent “reciprocal” tariff, partly out of anger over the criminal prosecution of former Brazilian President Bolsonaro.
As part of its newly released National Farm Security Action Plan, the U.S. Department of Agriculture (USDA) announced a series of measures to limit foreign ownership of American farmland, citing national security concerns.
The U.S. international trade deficit in goods and services rose to $71.5 billion in May, an increase of $11.3 billion from April’s revised figure of $60.3 billion, according to data released Thursday by the U.S. Census Bureau and the Bureau of Economic Analysis.