Trump Delays 50% Brazil Levy, Excludes Orange Juice, Embraer (2)

President Donald Trump delayed the implementation of 50% tariffs on Brazilian exports by seven days while exempting many products from the punishing levy, causing the country’s currency and shares in some major exporters to rally.

The executive order signed on Wednesday said the tariffs are a response to policies and actions implemented by the Brazilian government and that constitute a threat to US national security. It says former President Jair Bolsonaro, who’s standing trial for his alleged participation in coup attempt against President Luiz Inacio Lula da Silva, has been victim of “politically motivated persecution.”

Trump’s decision came ...