Trump's Tariffs Spark New Trade Conflict with Brazil
The United States imposed a 25% tariff on Brazilian products in response to previous measures taken by Brazil to reject the decision on the principle of reciprocity. The tariffs will take effect on July 22. This trade escalation came after an investigation based on a law enacted in 1974. Brazil responded, deeming the move illegal, and vowed to take reciprocal countermeasures under the law passed by Parliament last year.
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