The U.S. dollar was steady on Thursday after retreating from a two-week high versus major peers, as markets took U.S. President Donald Trump's latest tariff salvos in their stride, except in Brazil where a threatened 50% levy sent the real sliding.

Trump’s new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,

President Donald Trump announced a 50% tariff to punish Brazil. What else to know: Trump released another flurry of tariff threat letters. And he praised the “good English” of the leader of Liberia, where English is the official language. Federal workers fear Trump will fire them following a Supreme Court ruling.

President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.

Brazilian assets dropped as President Donald Trump’s threat to impose 50% tariffs on all goods from the South American nation rippled through markets.

The dollar rose against the real as the currency stayed under pressure after Trump said the South American country faced a 50% tariff.

Donald Trump released another round of letters to trade partners Wednesday that didn’t include updates on negotiated deals but offered new threats of rates ranging from 20-30% on nations from the Philippines to Moldova set to take effect on Aug.