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.


Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
New York Legalizes Medical Aid in Dying for Terminally Ill Patients
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 



