Trump threatens tariffs on Canadian imports over wildfire smoke damages

The US has imposed a 25% tariff on Brazilian goods, including energy equipment, effective July 22, prompting Brazil to retaliate with 25% tariffs on 2,375 items impacting $7.2 billion in trade. Brazilian President Lula has publicly demanded justification for the US tariffs, while Brazil's trade data indicates a deepening reliance on China and declining trade volume with the US. The long-term impact on bilateral trade and Brazil's economic strategy remains uncertain.