Brazil’s Vice President Geraldo Alckmin stated Monday that the country is still awaiting a response from Washington regarding a trade proposal made two months ago, following U.S. President Donald Trump's announcement of a steep tariff hike on Brazilian imports.
Last week, Trump raised tariffs on Brazilian goods from 10% to 50%, citing “reciprocal trade measures” and demanding Brazil halt the ongoing trial of former President Jair Bolsonaro over alleged coup attempts. The tariff hike, set to begin in August, poses a serious challenge to Latin America’s largest economy.
Speaking at the presidential palace in Brasília, Alckmin confirmed that President Luiz Inacio Lula da Silva has formed a task force to meet with business leaders starting Tuesday. The goal is to coordinate a national response and engage directly with U.S. companies affected by the tariff escalation.
While Brazil has not formally requested a delay or reduction in the new tariffs, Alckmin emphasized the government’s focus on mobilizing impacted industries to work with American counterparts in hopes of reversing the measure.
Meanwhile, Lula is set to sign a decree establishing formal criteria for Brazil’s response to harmful foreign trade actions. Chief of Staff Rui Costa noted the decree, based on a reciprocity law passed by Congress in April, will be published in Brazil’s official gazette on Tuesday.
The government’s response aims to protect domestic industries and reinforce trade balance, while opening channels for diplomatic and commercial dialogue with Washington. As tensions rise, Brazilian officials are prioritizing coordinated industry efforts and legal preparedness to counter the economic impact of Trump’s aggressive tariff stance.


Global Leaders Condemn Deadly Antisemitic Shooting at Sydney’s Bondi Beach During Hanukkah
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance
Russian Drone Attack Hits Turkish Cargo Ship Carrying Sunflower Oil to Egypt, Ukraine Says
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions
Lukashenko Says Maduro Welcome in Belarus Amid Rising U.S.-Venezuela Tensions
Zelenskiy Signals Willingness to Drop NATO Bid as Ukraine, U.S. Hold Crucial Peace Talks in Berlin
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally
Hong Kong Democratic Party Disbands After Member Vote Amid Security Crackdown
U.S. and Mexico Reach New Agreement to Tackle Tijuana River Sewage Crisis
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist
U.S. Offers NATO-Style Security Guarantees to Ukraine as Peace Talks Show Progress
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement
U.S. Soldiers Killed in ISIS Attack in Palmyra, Syria During Counterterrorism Mission
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike
Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry 



