Brazil starts formal process to assess US tariff retaliation, say sources

BRASILIA (Reuters) -Brazil's Foreign Ministry ordered government trade body Camex on Thursday evening to start analyzing whether a local reciprocity law could be used against the United States, two sources familiar with the matter said. The law, passed earlier this year by Brazil's Congress, establishes a legal framework for Brazil to respond to potential unilateral trade measures targeting its goods and services, including countermeasures such as tariffs. The move would represent an escalation by Latin America's largest economy in its reaction to U.S. President Donald Trump's 50% tariffs on imports of Brazilian goods.

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Brazil starts formal process to assess US tariff retaliation, say sources

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BRASILIA (Reuters) -Brazil's Foreign Ministry ordered government trade body Camex on Thursday evening to start analyzing whether a local reciprocity law could be used against the United States, two sources familiar with the matter said. The law, passed earlier this year by Brazil's Congress, establishes a legal framework for Brazil to respond to potential unilateral trade measures targeting its goods and services, including countermeasures such as tariffs. The move would represent an escalation by Latin America's largest economy in its reaction to U.S. President Donald Trump's 50% tariffs on imports of Brazilian goods.

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