LatinNews Daily - 29 August 2025

*Brazil's government led by President Luiz Inácio Lula da Silva has begun reviewing potential reciprocal measures against the US according to reports in the local and international media. On 30 July US President Donald Trump signed an executive order to impose 50% tariffs on many Brazilian products, which took effect on 6 August. In the months before Trump’s executive order, authorities in Brazil had already been preparing potential responses to possible US tariffs. In April congress passed legislation to allow the government to implement reciprocal measures against countries that raise tariffs on Brazil, and on 14 July Lula signed a decree to create a tariff negotiation and countermeasure planning committee, which is overseen by Vice President Geraldo Alckmin, who also leads the ministry of development, industry, trade, and services (MDIC). According to national media outlets, such as daily newspaper Folha de São Paulo, Brazil’s foreign ministry sent a request yesterday for the MDIC’s chamber of foreign trade (Camex) to review the US tariffs currently in force and determine whether Brazil’s reciprocity law that congress passed in April can be applied. 

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