Overview

• The new reciprocal duties, applied on August 6–7, levy 50% tariffs on about 35% of Brazil’s exports to the US, notably coffee, meat and fruit.
• Brazil’s “Brasil Soberano” plan establishes a 30 billion-reais credit line, tax deferrals and incentives for small and medium exporters to boost domestic sales and tap new markets.
• Brasília filed a formal complaint at the World Trade Organization, arguing the measures harm roughly US$14.5 billion in exports and lack commercial justification.
• In a one-hour call, Presidents Lula and Xi condemned unilateralism, endorsed multilateral BRICS and G-20 coordination and backed Brazil’s defense of sovereignty.
• A planned virtual meeting between Finance Minister Fernando Haddad and US Treasury Secretary Scott Bessent was canceled, highlighting stalled diplomatic engagement.