Brazil chooses local relief over retaliation for US tariffs, sources say

[Eugene]

Source: Reuters

Brazil chooses local relief over retaliation for US tariffs, sources say

Marcela Ayres, Bernardo Caram and Lisandra Paraguassu
Mon, August 4, 2025 at 2:42 PM EDT 3 min read

BRASILIA (Reuters) -Brazil's government has set aside for now plans for direct retaliation against steep U.S. tariffs taking effect this week, focusing instead on a relief package for industries hit hardest by the levies, sources familiar with the strategy said.

Wide-ranging exemptions granted in U.S. President Donald Trump's executive order last week spared some of the most vulnerable sectors of Latin America's largest economy, to the relief of many investors and business leaders.

That has left Brasilia cautious about responding to Trump with reciprocal tariffs or other retaliation that could escalate tensions, said government officials, who requested anonymity to discuss confidential deliberations.

Talks with Washington are likely to be slow and complex, said one of the sources, so Brazil's government is prioritizing immediate relief for exporters, such as through public credit lines and other support for export finance.

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Read more: https://finance.yahoo.com/news/brazil-chooses-local-relief-over-184215951.html

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1. every world leader hope that Trump resigns or otherwise leaves office - n/t