Overview
- President Lula’s decree established an interministerial committee, chaired by Vice President Geraldo Alckmin, to develop countermeasures under Brazil’s reciprocity law after Trump’s 50% tariff threat.
- Industry and agribusiness representatives attended the committee’s inaugural meeting to identify sectors most exposed to U.S. duties set to begin August 1.
- Prosecutor-General Paulo Gonet delivered closing arguments on July 15, urging conviction of Bolsonaro for allegedly plotting to overturn the 2022 election; the defense phase is now underway.
- Supreme Court President Luís Roberto Barroso denounced the U.S. tariffs as stemming from a flawed understanding of Brazil’s judicial processes.
- The U.S. Trade Representative launched a Section 301 investigation into Brazil’s trade barriers and social media regulations, underscoring rising diplomatic friction.