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Brazilian Miners Warned of Potential $1 Billion in Tariff Pain

Summary by Bloomberg
The Brazilian mining industry is warning of dire economic consequences if the government resorts to reciprocal tariffs in retaliation for US President Donald Trump’s threatened 50% levy starting Aug. 1.

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"Brazil has never gone out and will never come out of the negotiating table," the Minister of the Economy insisted that the country has already developed containment plans if tariff negotiations with the United States fail.

·Portugal
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In the US sanctions in Brazil, Lula says there is no tariff war and no negotiations with the US are open to Brazilian entrepreneurs.

·Curitiba, Brazil
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Photo: Júlio César Silva/MDIC The President-in-Office, Geraldo Alckmin (PSB), said on this Tuesday (21) that dialogues between Brazil and the United States regarding the 50% tax imposed by North American President Donald Trump “are on the way.” “We are in a conversation with the American government by institutional channels and in a reserved way. The talks are on the way.” The speech was given after a series of meetings of the interministerial c…

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  • 67% of the sources lean Left
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CoinGeek broke the news in on Monday, July 21, 2025.
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