reuters.com
www.reuters.com

cross-posted from: https://lemmy.world/post/35143304

BRASILIA, Aug 28 (Reuters) - Brazil’s Foreign Ministry has ordered government trade body Camex to start analyzing whether a local reciprocity law could be used against the United States, two sources from the ministry said on Thursday.

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.

  • marcos@lemmy.worldEnglish
    1·
    3 days ago

    Brazilian tariffs are actually smaller than the ones the US imposed. The reason you can’t find anything below 190% of the original price isn’t just the tariffs.

    That said, yeah, they are already too large.