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C. Trump imposed the steep tariffs in an attempt to stop the trial of his political ally Jair Bolsonaro, who was convicted of planning a coup after he lost Brazil’s 2022 presidential election. The former president was sentenced to 27 years in prison. Instead of hurting Brazil’s current president, the big U.S tariff increase only raised the popularity of Luiz Inácio Lula da Silva.
D. The United States bought 10% of Brazil’s exports in 2023, while China bought 30%, according to the CIA World Factbook. The United States enjoyed a trade surplus by supplying 16% of Brazil’s 2023 imports. China had a trade deficit as it supplied 23% of Brazil’s imports. China was Brazil’s largest trading partner and the United States ranked second. Brazil was expected to turn to China for more trade.
A. After Trump promised Argentina’s conservative President Javier Milei about $20 billion for a financial bailout, he briefly suspended export taxes on soybeans to make a big sale to China. The move angered some farm-state Senators and Congress members.
B. India, not Indonesia, is a member of the BRICS group. Trump has threatened to penalize members of BRICS with higher tariffs if they try to create a rival to the U.S. dollar.