Brazilian exports shift with 25% fee
Brazilian President Luiz Inácio Lula da Silva announced that his country will seek alternative markets and buyers following the implementation of the new 25% US import tariffs on its products. The government has also introduced a credit program to support affected companies and help them finance operations and investments, while confirming that negotiations with Washington will continue. Brazil avoided retaliating with equivalent tariffs, emphasizing that the US measures lack valid commercial justification and that they are determined to protect their interests without escalating the trade war with the United States.
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