Geopolitics | TradeNotableConfirmedDeveloping
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Brazil government weighs response to US tariffs
InfoMoney·BR · US·3 days ago
Brazil's minister of development confirmed that certain sectors will be affected by a 37.5% tariff, imposed by the US, citing calçados, máquinas, peças, and químicos as examples. However, around 2,000 products, including meat, coffee, and orange juice, remain exempt.
The US has implemented a new broad tariff regime across 60 nations with variable 10-12.5% rates, replacing previously invalidated emergency duties. This policy includes an exemption list for over 2,000 items, generating approximately 60% of the revenue from the prior measures. Responses from affected nations are varied, with some deferring action or rejecting retaliation, while others express concerns over economic impact.