Overview

• Luis Inacio Lula da Silva authorized CAMEX to assess countermeasures under April’s Economic Reciprocity Law, launching a 30‑day review.
• Brazil will formally notify the United States of the review on Friday, while officials say diplomatic channels remain open.
• Brazil’s WTO complaint over the 50% duties continues with consultations set, and Finance Minister Fernando Haddad says a U.S. court challenge is possible.
• Lula said he will not rush to impose reciprocal tariffs and reiterated his preference for direct negotiations with President Donald Trump.
• The 50% levies, tied by Washington to the Bolsonaro prosecution, are already pressuring coffee and beef markets, with companies such as JM Smucker reporting profit hits.