economic relations

Brazil Vows Tariffs Retaliation Against US 25% Import Tax

Brazil has vowed retaliation against the US decision to impose 25% tariffs on certain Brazilian products, citing them as a “regrettable milestone” in bilateral relations. The Brazilian government contends these tariffs were influenced by the Bolsonaro family and are politically motivated, aimed at impacting Brazil’s upcoming elections. This move positions Brazil as the second most heavily tariffed country by Washington after China, sparking a dispute over trade practices and environmental policies.

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US-China Trade Deal: Did America Really Win?

Following talks in Geneva, the U.S. and China agreed to a 90-day tariff reduction, with both sides lowering rates by 115 percent. This agreement, hailed by China as an important step toward deeper cooperation, aims to resolve trade tensions stemming from significant tariff increases imposed earlier. While the U.S. will maintain some tariffs, China will suspend retaliatory measures, including restrictions on rare earth minerals. The deal sparked optimism among investors, evidenced by the dollar’s surge following the announcement.

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