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Brazilian Miners Warned of Potential $1 Billion in Tariff Pain

Summary by Bloomberg
The Brazilian mining industry is warning of dire economic consequences if the government resorts to reciprocal tariffs in retaliation for US President Donald Trump’s threatened 50% levy starting Aug. 1.

25 Articles

Lean Right

"Brazil has never gone out and will never come out of the negotiating table," the Minister of the Economy insisted that the country has already developed containment plans if tariff negotiations with the United States fail.

·Portugal
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Xinhua -- The imposition of 50 percent tariffs on Brazilian products by the U.S. government as of August 1th threatens to cause a widespread drop in the prices of the main fruits exported by Brazil, the Brazilian Association of Producers and Exporters of Fruits and Derivados (Abraucrutas) warned today Tuesday.

In the US sanctions in Brazil, Lula says there is no tariff war and no negotiations with the US are open to Brazilian entrepreneurs.

·Curitiba, Brazil
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Bias Distribution

  • 67% of the sources lean Left
67% Left

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CoinGeek broke the news in on Monday, July 21, 2025.
Sources are mostly out of (0)