TRADE DEALS (OR LACK THEREOF)
Brazil turns to Mexico and Canada as Trump’s tariffs bite
Foreign Minister Mauro Vieira defends Brazil’s “timely step toward greater economic diversification.” Photo: Gustavo Magalhães/MRE
Brazil is scrambling to diversify its trade partnerships after US President Donald Trump imposed punishing 50% tariffs on a wide range of exports — seen as a de facto embargo on multiple sectors, notably agribusiness and industrial segments.
The tariff shock is expected to reverberate across Brazil’s export economy. Beef, coffee and fruits remain heavily taxed, while other products — including aircraft, fertilizers and orange juice — were spared. Last week, Brazilian negotiators secured a partial reprieve: …
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