President Donald Trump threatened to impose a 50 percent tariff on Brazilian products if the country doesn’t meet a series of political demands, including dropping the charges against his ally Jair Bolsonaro.

President Trump will wield 50% copper tariffs on August 1 as he promises more to come with countries such as Brazil in the crosshairs. Delta’s good news, Nvidia scores the first $4 trillion market cap milestone,

Talks with the European Union are of particular interest, as the bloc trades even more with the U.S. than China.

Brazil said Wednesday it had summoned the US charge d'affaires in a diplomatic row following President Donald Trump's criticism of the coup trial of his right-wing ally, ex-leader Jair Bolsonaro.The foreign ministry in Brasilia told AFP that envoy Gabriel Escobar will be called to explain an embassy statement describing Bolsonaro as a victim of "political persecution" -- echoing Trump's claims of a "witch hunt" against the 70-year-old Brazilian firebrand.

Donald Trump threatened to impose a 50% tariff on Brazil over its domestic political affairs, the most extreme case yet of the US president weaponizing trade policy to make unrelated demands.