Brazil mulls 'all possible actions' as Congress lays framework for trade retaliation

The US tariff announcement on Wednesday has triggered strong reactions around the world. From Asia and South America to Europe, there are warnings of countermeasures, economic instability and the risk of an escalating trade conflict.

Brazil mulls 'all possible actions' as Congress lays framework for trade retaliation

BRASILIA (Reuters) -Brazil said on Wednesday it is assessing all potential responses to the United States' 10% tariffs on imports from Latin America's largest economy, while its Congress approved a bill outlining the framework for trade retaliation.

Faced with the tariff threat from the United States, the Economic Affairs Committee of the Senate of Brazil gave its approval to a strategy that allows that South American country to take measures back against those countries that try to impose trade walls on it. READ ALSO: Belarus and Brazil express their interest in commercial diversification The tariff imposition measures will enter into force from April 2nd, so the Brazilian Commission appro…

Brazil Moves to Counter Foreign Trade Barriers with New Legislative Arsenal

The Brazilian Senate’s Economic Affairs Committee approved a bill Tuesday granting the government tools to retaliate against foreign trade restrictions, signaling a strategic shift in the nation’s trade policy. Authored by opposition senator Zequinha Marinho and backed by cross-party support, the measure targets unilateral tariffs and non-tariff barriers harming Brazilian exports like steel, ethanol, and […]

(April 3, 2025. El Venezolano).- Latin America reacted with caution to the new US tariff batch, waiting to know in detail its impact, while analyzing strategies to protect its markets. Brazil, for its part, approved on Wednesday a bill to adopt trade reprisals. According to the tariff package of President Donald Trump, the US will impose from April 5th a 10% tariff on most Latin American countries, the lowest of all those announced, while the ra…

In a statement released on Wednesday, the CNI stated that it views “with concern and caution” the 10% tariff on all Brazilian exports, announced hours earlier by Trump. “It is necessary to insist and intensify the dialogue to find ways to reduce the possible impacts of the measures,” said the association's president, Ricardo Alban, quoted in the statement. “We reiterate the industry's willingness to contribute to negotiations with North American…