The United States government announced it will impose a 25% surcharge on a wide range of Brazilian products starting July 22, excluding items on an expanded exception list. Key Brazilian exports such as coffee, orange juice, beef and aircraft are exempt, bringing the total number of excluded products to more than 2,000 due to their importance in the U.S. market. Brazil's National Confederation of Industry warned the move will further weaken export competitiveness, noting 20 of 27 Brazilian states already saw lower sales to the U.S. this year. Brazil’s government labeled the tariffs unfair and plans to initiate World Trade Organization proceedings under its Economic Reciprocity Law.

Prepared by Christopher Adams and reviewed by editorial team.