President Donald Trump announced Wednesday he planned to hit Brazil with a 50% tariff, in part due to the treatment of its former president and his political ally, Jair Bolsonaro.

U.S. President Donald Trump singled out Brazil for import taxes of 50 per cent on Wednesday over its treatment of former president Jair Bolsonaro, suggesting that personal grudges rather than simple economics are playing a part in the U.

President Donald Trump on Wednesday informed seven more nations about new tariffs, singling out Brazil with a 50% duty because of what he called the "disgrace" of how former President Jair Bolsonaro has been treated.