Brazil-US hold first WTO talks on 37.5% tariffs; no follow-up agreed

Brazilian and US officials held an initial WTO meeting regarding the 37.5% tariffs imposed on Brazilian goods, marking the first stage of contact with no concrete outcomes. The lack of follow-up suggests the dispute remains unresolved, with potential escalation or prolonged negotiation ahead. This matters as it affects bilateral trade flows and could signal broader US trade policy direction.