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Brazil signals potential reciprocity law on trade while seeking to avoid escalation
InfoMoney·BR·about 8 hours ago
The Brazilian government has accused the US of market manipulation regarding new 12.5% surtaxes and intends to invoke the Reciprocity Law. Brazil plans to escalate the dispute to the WTO, signaling a hardening of trade relations between the two nations.
The United States has implemented new tariffs on approximately 60 countries, marking a significant shift toward protectionist trade policy. The move has sparked retaliatory measures from countries such as Brazil, which has activated its Reciprocity Law. Confidence is high that trade tensions will continue to escalate, but the specific scope and impact of the tariffs remain uncertain.