Brazil condemns US 25 percent tariff, vows retaliation
( July 16, 2026, 12:20 GMT | Official Statement) -- MLex Summary: The Brazilian government pledged to retaliate against the United States' decision to impose an additional 25% tariff on Brazilian exports. Brazil condemned the results of the US Section 301 investigation, describing it as "illegitimate" and saying the United States accumulated a $424 billion surplus in trade in goods and services with Brazil over the past 15 years. It also cited what it described as interference by the Bolsonaro family in decisions of the US government.Press release follows (in Portuguese):...
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