The Brazilian government has opened a process that could result in the adoption of reciprocal measures against the United States in response to tariffs recently imposed by Washington on the country’s goods.
Background
The U.S. government announced tariffs of 25% last month on some Brazilian goods, alleging unfair trade practices, as well as 12.5% tariffs on goods from dozens of nations, including Brazil, linked to allegations of lax enforcement of forced labor bans.
Thursday’s preliminary step involves requesting further diplomatic consultations with U.S. trade authorities at a time when diplomatic relations between the two countries have turned increasingly sour.
Brazilian President Luiz Inacio Lula da Silva promised to take the needed steps to invoke Brazil’s “Reciprocity Law,” which allows for retaliatory measures beyond tariffs on imports from the U.S., which officials see as likely to disrupt Brazilian supply chains or fuel domestic inflation.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
