Why will key Brazilian exports escape US tariffs?

为何巴西的主要出口商品能避开美国关税?

World Business Report

2025-07-31

26 分钟
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President Trump says imports from Brazil will face a 50% tariff from next week. But why did key Brazilian exports get a pass? Also, dissent at America’s central bank, but the Federal Reserve has kept interest rates unchanged. And what does Europe’s pharmaceutical industry think of the EU-US trade deal? Ed Butler hears from the head of Germany’s leading pharma association.
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  • Hello, welcome to World Business Report from the BBC World Service.

  • My name's Ed Butler.

  • Today it has been another day of tariff turmoil around the world it seems.

  • President Trump has announced new measures against Brazil and he's amended his global tariff regime on copper imports as well.

  • All this just as India and the European Union respond to new framework agreements for their US exports.

  • We're going to be hearing about all of those stories in a little while.

  • Plus,

  • we're also going to get the latest from the Federal Reserve as Jerome Powell again announces a continued freeze on US interest rates.

  • That much to the president's displeasure, I should add.

  • He wants rates cut.

  • We should be the lowest interest rate.

  • And we're not.

  • We're 38, number 38, because of the Fed.

  • It's all because of the Fed.

  • I call him too late.

  • You know, he's always too late.

  • More on Donald Trump,

  • his view of Jerome Powell and the interest rates in the US are to come a little later in the show.

  • But first, let's go to Brazil.

  • That story I mentioned and its seemingly fraught relations with the White House.