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    US-Brazil Tariffs: What to Know About Trump’s History With Bolsonaro

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    The fight is rooted in years of political history between President Trump and the last two presidents of Brazil.The Western Hemisphere’s two largest nations appear headed for a full-blown trade war — with a twist.President Trump on Wednesday pledged to impose 50 percent tariffs on Brazilian imports. His rationale wasn’t entirely economic — the United States has a trade surplus with Brazil — but political. Mr. Trump said Brazil was carrying out a “witch hunt” against his political ally, former President Jair Bolsonaro, who is facing trial for attempting a coup.A few hours later, President Luiz Inácio Lula da Silva of Brazil said his government would respond with its own tariffs on U.S. imports. “Brazil is a sovereign nation with independent institutions and will not accept any form of tutelage,” he said in a statement.Brazil is weighing tariffs on specific American products or sectors, according to a senior Brazilian official who spoke on the condition of anonymity to discuss closed meetings. Seeking to minimize any jolt to Brazil’s economy, the government does not plan to apply broad-based tariffs on all American products, the official said.The feud is the latest in a long-running saga involving Mr. Trump, Mr. Bolsonaro and Mr. Lula, and it shows how Mr. Trump is using tariffs to settle scores against his political enemies.Here’s what you need to know:What did Trump threaten, and why?What products does Brazil export to the U.S.?What is Trump’s history with Bolsonaro and Lula?What is the case against Bolsonaro?What happens next?We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      How Crypto Lobbying Won Over Trump

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      Just over a year ago, while sitting around a table in an ornate meeting room at Mar-a-Lago, David Bailey and a group of top Bitcoin executives made a pitch to Donald J. Trump.They were looking for a savior.For years, cryptocurrency companies had endured a sweeping crackdown in Washington — a cascade of lawsuits, regulatory attacks and prosecutions that threatened the industry’s survival.Mr. Trump wasn’t an obvious sympathizer. He had once dismissed Bitcoin as a “scam.” But he welcomed the executives into his private club in Florida because the industry had suddenly gotten his attention. Mr. Bailey was mobilizing crypto investors to vote for Mr. Trump and had called on his colleagues to raise $100 million for the election effort.At Mar-a-Lago, Mr. Bailey brought along representatives of several large Bitcoin mining firms — an energy-guzzling sector that has drawn noise complaints and environmental concerns. They pitched Mr. Trump on the economic benefits of Bitcoin, before pivoting to a bold request: Could Mr. Trump write a supportive post on his social media site?The proposed language was included at the bottom of a bullet-pointed meeting agenda, according to a copy reviewed by The New York Times. Mr. Trump said he would “consider it,” Mr. Bailey, who runs the digital currency firm BTC Inc., recalled in an interview. “We had no idea if that was going to happen.”That night, Mr. Trump fired off a Truth Social post containing the exact message proposed by the executives: “We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!”

      .css-m0b4as{max-width:600px;margin:0 auto;display:block;}.css-m0b4as:hover{-webkit-text-decoration:none !important;text-decoration:none !important;}.nytapp-vi-homepage .container-margin-none .css-m0b4as,.NYTApp #programming-list .container-margin-none .css-m0b4as{margin-left:20px;margin-right:20px;}@media (min-width:740px){.nytapp-vi-homepage .css-m0b4as,.NYTApp #programming-list .css-m0b4as{margin-left:auto;margin-right:auto;}}.css-1eu3oi1{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;padding-bottom:20px;color:var(–color-content-secondary,#363636);}.css-npk1al{padding-left:10px;}.css-61i2mm{font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:0.75rem;font-weight:700;text-transform:uppercase;-webkit-letter-spacing:0.03rem;-moz-letter-spacing:0.03rem;-ms-letter-spacing:0.03rem;letter-spacing:0.03rem;display:block;color:var(–color-content-secondary,#363636);}.css-4z4bzs > 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:not(:first-child){margin-top:0.25rem;}.container-margin .css-4z4bzs{margin-top:20px;}.css-4z4bzs > :last-child{margin-bottom:10px;}.css-10r0njy{width:70px;height:70px;background-color:#d9e1e3;border-radius:4px;width:81px;height:81px;}.css-wwq616{font-family:nyt-franklin,helvetica,arial,sans-serif;font-weight:bold;font-size:0.875rem;line-height:1rem;margin-bottom:2px;font-size:1rem;line-height:1rem;margin-bottom:5px;}@media (min-width:740px){.css-wwq616{font-size:0.875rem;line-height:1.125rem;}}.nytapp-vi-homepage .css-wwq616,.NYTApp #programming-list .css-wwq616{font-size:0.9375rem;line-height:0.9375rem;margin-bottom:0;display:block;}@media (min-width:740px){.nytapp-vi-homepage .css-wwq616,.NYTApp #programming-list .css-wwq616{font-size:0.875rem;line-height:1.1875rem;}}@media (min-width:740px){.css-wwq616{font-size:1rem;line-height:1rem;}}.css-1qudybh{font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:0.8125rem;line-height:1rem;font-weight:500;color:var(–color-content-tertiary,#5A5A5A);font-size:0.9375rem;line-height:1.25rem;}@media (min-width:740px){.css-1qudybh{font-size:0.875rem;line-height:1.125rem;}}.nytapp-vi-homepage .css-1qudybh,.NYTApp #programming-list .css-1qudybh{font-size:0.9375rem;line-height:1.1875rem;display:block;margin-top:2px;}@media (min-width:740px){.nytapp-vi-homepage .css-1qudybh,.NYTApp #programming-list .css-1qudybh{font-size:0.875rem;line-height:1.1875rem;}}@media (min-width:740px){.css-1qudybh{font-size:0.9375rem;line-height:1.25rem;}}.css-89khpe{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;padding-bottom:20px;color:var(–color-content-secondary,#363636);padding-bottom:10px;}Key Players Trying to Sway Trump on CryptoDavid BaileyChief executive of BTC Inc.David SacksSilicon Valley venture capitalist and White House crypto czarBrad GarlinghouseChief executive of RippleStuart AlderotyChief legal officer of RippleCharles HoskinsonFounder of Input OutputPaul ManafortFormer Trump campaign chairmanBill ZankerLongtime Trump business partnerTracy Hoyos-LópezBitcoin advocate and former prosecutorBrian BallardMajor Trump-fundraiser and lobbyistReince PriebusFormer White House chief of staffEric TrumpThe president’s middle sonWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. 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      Palm Beach, Never Richer, Is a Draw for Young MAGA. Locals Aren’t Pleased.

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      Donald Trump’s presidency has turned this Florida island into the nightlife headquarters of MAGA, but the town’s old guard — much of it Republican — doesn’t love the new vibe.There are no star maps on Palm Beach, and many of its biggest estates are hidden behind elaborate landscaping. To learn what belongs to whom, and how much it cost, a guide is needed, and Dana Koch, who has been selling real estate here for 22 years, knows the area cold. He’s a veteran docent in a zoo where the creatures are billionaires and it’s difficult to see the cages.“Howard and Beth Stern live here,” he said, pointing to a gate flanked by shrubbery. “This whole place, he paid about $50 million for it years ago. Now it’s worth $200 million.”On it goes, an inventory of rich and famous people, a patter that rambles along, like Mr. Koch’s car, at about 10 miles an hour. Jon Bon Jovi lives there. That’s where Roger Ailes slipped in the shower and died. William Lauder built this, after buying Rush Limbaugh’s place for $155 million and tearing it down.Some homes are identified by job (N.F.L. owner, sugar magnate) others by names, (Dr. Oz, Tom Ford, Charles Schwab). That lot once belonged to Jeffrey Epstein, whose place was razed. A new house is under construction, and the owners, Mr. Koch speculates, are going to apply for a new address.After the election last year, in one week alone, $100 million of residential real estate was sold in Palm Beach.Martina Tuaty for The New York TimesThese have been busy months for Mr. Koch, 52, who is not related to the famous Republican donors. (“Same name, different bank account.”) Palm Beach is, of course, home to President Trump’s private club, Mar-a-Lago. After the election in November, there was a “Trump bump,” with $100 million worth of property on Palm Beach going under contract in the span of a week. Late last year, the Fox News host Sean Hannity purchased a $23.5 million mansion in nearby Manalapan, then spent $14.9 million on an oceanfront townhouse in Palm Beach in January. (He’d previously spent $5.3 million for a townhouse here in 2021.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      in Elections

      Trump Was Already a Crypto Czar in 2024

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      Financial disclosures for 2024 filed by the president on Friday show that digital coins had already become one of his family’s most successful ventures.Donald J. Trump got a small taste last year of life as a cryptocurrency mogul. His stake in World Liberty Financial, the cryptocurrency firm that he unveiled during the presidential campaign, earned about $57 million, making it one of the Trump family’s most lucrative investments in 2024. And a licensing deal involving a related industry, NFT collectibles, produced another $1.2 million.Mr. Trump’s wife, Melania, contributed to the family income, receiving $217,000 in licensing fees related to a digital token.The results, detailed in Mr. Trump’s mandatory financial disclosure report for 2024 and released on Friday, previewed the crypto riches he is now poised to reap as president.Since Mr. Trump took office a second time this year, his crypto fortunes have skyrocketed through a series of business ventures that pose unprecedented conflicts of interest. Not only is Mr. Trump a major operator in the crypto industry, he is also its top policymaker — and a symbol of its rising stature in Washington.Even as the president seeks to deregulate and promote the industry, Mr. Trump’s personal net worth has soared through crypto.Though the information in the financial disclosure ends as of Dec. 31, 2024, World Liberty announced this year that it had sold more than a half-billion dollars’ worth of its coin, a significant portion of which the Trump family was entitled to. Separately, Mr. Trump developed a personal cryptocurrency known as $TRUMP, a memecoin launched days before his inauguration, that on paper could be worth billions of dollars.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      in Elections

      Trump Family’s Cash Registers Ring as Financial Meltdown Plays Out

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      The party was on at a Saudi-backed LIV Golf tournament at the president’s Doral resort in Florida and a fund-raiser at Mar-a-Lago, even as markets tumbled.The financial market meltdown was underway when President Trump boarded Air Force One on his way to Florida on Thursday for a doubleheader of sorts: a Saudi-backed golf tournament at his family’s Miami resort and a weekend of fund-raisers attracting hundreds of donors to his Palm Beach club.It was a fresh reminder that in his second term, Mr. Trump has continued to find ways to drive business to his family-owned real-estate ventures, a practice he has sustained even when his work in Washington has caused worldwide financial turmoil.The Trump family monetization weekend started Thursday night, as crowds began to form at both the Trump National Doral resort near Miami International Airport, and separately at his Mar-a-Lago resort 70 miles up the coast.Mr. Trump landed on the edge of one of the golf courses in a military helicopter — just in time for a dinner at Doral. The next day, LIV Golf, the breakaway professional league backed by Saudi Arabia’s sovereign wealth fund, was scheduled to hold a tournament at the course for the fourth time.On Thursday at Mar-a-Lago, hundreds of guests gathered for the American Patriots Gala, a conservative fund-raiser that featured Homeland Security Secretary Kristi Noem and President Javier Milei of Argentina, who told his supporters back home that he was hoping to catch up with Mr. Trump while there, seemingly unaware that Mr. Trump was double-booked at two of his family properties that night.And that was just the weekend’s lead-up.Mr. Trump ordered a new set of global tariffs on Wednesday from the White House using his trademark Sharpie pen, a version of which is on sale at Mar-a-Lago for $3.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      in Elections

      Fact-Checking Trump’s Justice Dept. Speech on Crime, Immigration and His Cases

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      President Trump repeated a number of well-trodden falsehoods on Friday in a grievance-fueled speech at the Justice Department, veering from prepared remarks to single out lawyers and prosecutors and assail the criminal investigations into him.His remarks, billed as a policy address, were wide-ranging, touching on immigration, crime and the price of eggs.Here’s a fact-check.Mr. Trump’s misleading claims touched on:His legal troublesThe 2020 electionBiden and classified documentsThe Jan. 6, 2021, attack on the CapitolParents, anti-abortion activists and CatholicsImmigration and crimeEgg pricesHis legal troublesWhat Was Said“They weaponized the vast powers of our intelligence and law enforcement agencies to try and thwart the will of the American people.”“They spied on my campaign, launched one hoax and disinformation operation after another, broke the law on a colossal scale, persecuted my family, staff and supporters, raided my home Mar-a-Lago and did everything within their power to prevent me from becoming the president of the United States.”This lacks evidence. Mr. Trump’s claims refer to a wide array of investigations and criminal cases that occurred before, during and after his first term as president.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Donors Who Give at Least $1 Million or Raise $2 Million Get Inaugural Access

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      President-elect Donald J. Trump is raising money for his inauguration in increments as high as $2 million, according to materials from fund-raisers for the inauguration.A flier titled “Trump Vance Inaugural Committee Benefits” lists the perks of donating $1 million or raising $2 million for the event. Donors who reach that elite level receive as many as a half-dozen tickets to eight inaugural events from Jan. 17 to Jan. 20.After a divisive election, donors and corporations typically put big money into presidents’ inaugural committees as a way to support the president and also to curry favor with an administration that will be in power for four years. There are no limits on the donations that can be made to the Trump committee, which is structured as a political nonprofit for tax purposes, but gifts over $200 are disclosed to the Federal Election Commission.Highlights of the schedule of events for the elite donors and fund-raisers include a reception with cabinet picks and a dinner with Vice President-elect JD Vance and his wife, Usha Vance, on Jan. 18, and an “elegant and intimate dinner with President Donald J. Trump and Mrs. Melania Trump” on Jan. 19, described as “the pinnacle event.” Before the dissemination of this flier, Mrs. Trump had not confirmed her plans to attend the inaugural festivities, which include a Sunday morning interfaith service that the materials say she plans to attend with Mr. Trump.On Monday, Jan. 20, the big donors will receive six tickets each to attend the inauguration itself.Mr. Trump’s first inaugural committee, which was investigated by federal prosecutors for illegal foreign donations and resulted in a 12-year prison sentence for one donor, raised $107 million in 2016 and 2017. The current inaugural committee is being led by Steven Witkoff, a billionaire real estate mogul who has given nearly $2 million to Mr. Trump’s political causes over the past decade and who has been named a special envoy to the Middle East, and Kelly Loeffler, a former Republican senator from Georgia.Mr. Trump is continuing to raise money for his political efforts, too. On Dec. 19, he is expected to headline an event at his private Florida club, Mar-a-Lago, for a pro-Trump super PAC, MAGA Inc., where tickets cost $1 million a person, according to a copy of the invitation seen by The New York Times. More

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      Trudeau Goes to Mar-a-Lago to See Trump Amid Tariff Concerns

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      Prime Minister Justin Trudeau of Canada is the first G7 leader to visit President-elect Donald J. Trump in Florida since the election. He is under pressure to persuade Mr. Trump to back down from his tariff threat.Prime Minister Justin Trudeau of Canada on Friday night landed in Florida to see President-elect Donald J. Trump at Mar-a-Lago, two officials with direct knowledge of the visit said, after a threat by Mr. Trump to impose across-the-board tariffs on goods from Canada and Mexico on Day 1.The visit makes Mr. Trudeau the first head of government from the Group of 7, a key forum of global coordination consisting of the world’s wealthiest democracies, to visit the president-elect.Mr. Trudeau and Mr. Trump were to dine together on Friday evening, one official said, along with a delegation of senior Trump allies poised for top trade and security positions in his new administration.Mr. Trudeau was accompanied on his visit by Dominic LeBlanc, Canada’s minister of public safety. The Canadian prime minister was expected to stay in the area overnight, but not at Mar-a-Lago, Mr. Trump’s private club and home in Palm Beach, Fla.The Trump transition team did not respond to requests for comment, and there was no information released about Mr. Trump’s schedule on Friday.Mr. Trudeau has been scrambling to formulate a plan to respond to the threat made this week by Mr. Trump to impose a 25 percent tariff unless Mexico and Canada take action to curb the arrival of undocumented migrants and drugs across their borders into the United States.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump and Harris Supporters on Election Night

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      The election results came a lot faster than most people expected. On Tuesday, it was just voting and waiting and anxiety and an inner sense that anything was possible, and then by Wednesday morning, one answer: Donald Trump had shifted the country toward him in a decisive win.A scene in Pennsylvania on Wednesday, Nov. 6.Jonno Rattman for The New York TimesTimes Opinion sent a group of photographers — including two students — to Kamala Harris’s watch party at Howard University in Washington, and Mr. Trump’s watch party in West Palm Beach, Fla., to document reactions to the election.At Howard University, supporters of Vice President Harris celebrate as they await the election results.Damon Winter/The New York TimesWaiting for election results at a Trump watch party at the Palm Beach Convention Center.Mark Peterson for The New York TimesHarris supporters in Phoenix show their enthusiasm.Jesse Rieser for The New York TimesAt the election night parties, the photographers captured the true supporters, people experiencing the surge of promise in the results and then the diverging paths. First, in Florida, the exultation of each success as it rolls in, feelings of vindication and validation of Mr. Trump’s decisive win, and an almost disbelief at it. In Washington, there is a hopeful crowd; then, in later photos, the slow and devastating realization that their earlier excitement and vision of the future has faded.Before and after the parties, in other parts of the country, photographers also captured people not knowing what the outcome would be, or knowing it and grasping it in celebration or still recalling the remnants of their Monday excitement that had become, by Wednesday, for Harris supporters, disorienting disappointment.Harris supporters linger on the Howard University campus the day after the election.Damon Winter/The New York TimesHarris supporters at Howard University.Mia Butler for The New York TimesIn Philadelphia, the day after the election.Jonno Rattman for The New York TimesThe sheer size and diversity of the country — at least 69 million people voting for one candidate and at least 73 million voting for the other, joined together by American flags — can be hard to visualize. All of us have been living through the Trump era, which will be another four years.Trump supporters celebrated near Mar-a-Lago the day after the election.Mark Peterson for The New York TimesSupporters of Vice President Harris listening to her concession speech at Howard University.Mia Butler for The New York TimesKatherine Miller is a staff writer and editor in Opinion.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow the New York Times Opinion section on Facebook, Instagram, TikTok, WhatsApp, X and Threads. More