US lawmakers oppose proposed legislation to expand sanctions on Russia

The US has imposed new 25% tariffs on specific Brazilian goods, including energy equipment, effective July 22. Brazil has retaliated with a 1% tariff on US exports and a broader 25% tariff on 2,375 national items, impacting $7.2 billion in trade. This bilateral escalation occurs as Brazil's trade balance increasingly shifts towards China, and the US administration signals a broader return to protectionist trade policies, including threats against Canada over wildfire smoke.