Brazil signals potential reciprocity measures against US tariff hike
Vice President Geraldo Alckmin stated that President Lula is considering invoking reciprocity laws in response to a new 12.5% US tariff on Brazilian goods, though diplomatic negotiations remain the primary path. The US move follows an investigation into Brazil's procurement practices, marking a potential escalation in bilateral trade tensions.
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Brazil — 18 developments
US Implements Broad Tariff Regime; Global Responses Vary
The US has implemented a new tariff regime across 60 nations with variable 10-12.5% rates, replacing previous emergency duties and including an exemption list for over 2,000 items. While the EU confirms alignment with a 2025 trade framework, several nations, including Norway and Canada, are signaling restraint in retaliation, while Colombia defers its response. The new regime is projected to recover 60% of revenue lost from invalidated emergency duties, indicating a narrower scope.