US EditionTrump’s New Political Tariff Pageantry Hits Brazil — and American Consumers
BRAZIL, JUL 14 – The law lets Brazil impose retaliatory trade measures to protect competitiveness following the US 50% tariff on Brazilian goods, with safeguards for targeted and proportionate responses.
- On Monday, President Luiz Inácio Lula da Silva signed a decree regulating the Reciprocity Law, at the Planalto Palace, Rui Costa confirmed.
- Brazil has rushed to mirror the US 50% tariff on exports, enabled by the Reciprocity Law designed as a response to Donald Trump’s measures, allowing symmetric trade replies.
- A working committee has been established, while Camex is authorized to impose import restrictions and negotiate measures, including participation from industrial and agribusiness sectors.
- A senior Washington aide warned, `whoever reciprocates will be hurt more`, highlighting escalation risks of Brazil's reciprocity law.
- Supporters note that measures must be targeted, proportionate and reviewed by Camex or an interministerial panel, as China’s precedent shows.
56 Articles
56 Articles
Trump’s new political tariff pageantry hits Brazil — and American consumers
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President Donald Trump recently shook the beef market by announcing a 50% tariff on Brazilian imports last week.This change could have important repercussions on meat trade, especially since the United States is the second most important market for Brazil after China. According to the original report, the announcement has caused a pause in decision-making on new shipments by the Brazilian private sector, as Roberto Perosa, president of the beef …
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