Brazil Holds Fire as US Tariff Takes Effect
11 Articles
11 Articles
Brazil Holds Fire as US Tariff Takes Effect
Brazil chose restraint over immediate retaliation as a sweeping 25% US tariff on its exports took effect, opting for talks and WTO action under pressure from industry and Vice President Geraldo Alckmin. The post Brazil Holds Fire as US Tariff Takes Effect appeared first on The Rio Times.
The new 25% tariff imposed by the United States on Brazilian products comes into effect on Wednesday. The measure was accompanied by a list of exceptions covering important products from Brazil's export tariff, such as orange meat and juice. The decision has a series of economic and even political repercussions for the country. Understand following the main points of the decision and why it matters.
Vice-President Geraldo Alckmin ruled out tonight the immediate use of the Reciprocity Law to retaliate the United States for 25% tariff on Brazilian products.What happenedAlckmin stated that retaliation is not the focus of the government br
According to the vice president, the Law of Reciprocity serves as an instrument of defense, but should be used with caution
The new 25% US tariff increase to Brazilian products starts this Wednesday
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