EU prepares retaliatory measures against planned US tariff regime
The incoming US administration is developing a new tariff framework based on novel legal justifications, prompting the European Commission to label the move unjustified. The EU has signaled an intent to implement proportionate countermeasures, indicating a potential escalation in transatlantic trade tensions.
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Brazil-US Trade Friction Escalates Amid Brazilian Industrial Policy Shift
Brazil is actively responding to US trade protectionism with a $3.6 billion industrial support package and considering a WTO dispute, while simultaneously enacting a new state-led industrial policy ('Brasil Soberano 3'). These actions signal a strategic pivot by Brazil to mitigate external trade pressures and bolster domestic industry, potentially impacting bilateral relations and global trade dynamics. The long-term efficacy of Brazil's strategy and the sustained nature of US protectionism remain key uncertainties.