The Ministry of Foreign Affairs ordered the Foreign Relations portfolio to analyze the viability of a response to Trump’s commercial restrictions.
Brazil evaluates implementing a commercial response against the United Statesin retaliation for tariffs of 50% imposed by Donald Trump’s administration to Brazilian imports. For the first time, the government of Luiz Inacio Lula da Silva He began the analysis to respond with tariffs or other sanctions to the US, marking a turning point in bilateral commercial relations.
As confirmed by sources from the Ministry of Foreign Affairs (Itamaraty) To the international press, the chancellor ordered the Foreign Chamber of Commerce (CAMEX) Start a study that evaluates the feasibility of implementing a local law of reciprocity against the United States.
At the beginning of the year, the National Congress of Brazil He sanctioned a regulation that allows the South American country to respond with countermeasures – including tariffs – to unilateral commercial actions directed against their products and services, within the framework of the pressures exercised by the Republican Government.
Donald Trump
A month to decide
The process was launched after the authorization of Lula, who enabled the use of the legal tool against Washington. CAMEX now has 30 days to prepare a technical report on the viability of applying the reciprocity law.
In the event that the agency supports its implementation, A government work group will define which sectors of the US economy will be the subject of Brazilian measures.
The United States would be formally notified this Friday about the beginning of the procedure, which represents a significant escalation regarding Brazil’s initial strategy, which He had limited himself to presenting consultations before the World Trade Organization (WTO).
Tension for the Bolsonaro case
50% tariffs were imposed by Trump this month, who denounced alleged unfair commercial practices and He accused the Brazilian government of making a “witch hunt” against former president Jair Bolsonarocurrently prosecuted for planning a coup d’etat.
The American measure affected various Brazilian products, although there were exempt key sectors such as concentrated orange juice and aeronautical industry -Prepresented by Embraer-, which are among the main exports of the South American country.
Source: Ambito
