US Proposes Up to 12.5% Tariffs on Brazil, Brazil Warns of Retaliation

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The US government announced plans to impose tariffs of up to 12.5% on goods from Brazil and other countries, citing forced labor. Brazil strongly protested and threatened retaliation under its congressional 'Economic Reciprocity Law'. Simultaneously, Brazil signaled a willingness to withdraw its veto on the WTO's e-commerce tariff moratorium to de-escalate tensions. The US is expected to hold public hearings in July before the tariffs take effect.

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