TRADE WAR
Brazil to test new trade retaliation instruments as US tensions escalate
From the left: Foreign Minister Mauro Vieira, President Lula and VP Geraldo Alckmin — retaliation mode on. Photo: Cadu Gomes/VPR
The Brazilian government has initiated the process of implementing its new “Reciprocity Law,” a legal measure approved by Congress in April and regulated in July to provide the country with tools to respond to foreign trade measures deemed detrimental to its exporters.
The Chamber of Foreign Trade (Camex) was instructed to…
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