Brazil put into effect its Commercial Reciprocity Law on Monday (April 14). The legislation allows the government to adopt trade measures against countries and blocs that impose unilateral barriers to Brazilian products.
The text was approved by Congress at the beginning of the month and was sanctioned last week without vetoes by President Luiz Inácio Lula da Silva.
Trade War
The new law comes in response to the escalation of the trade war triggered by US President Donald Trump against most countries, which intensified in recent days, more specifically against China.
Regarding Brazil, the tariff imposed by the US was 10% on all products exported to the US. The exception to this tariff range is steel and aluminum, on which the Americans imposed a 25% surcharge, affecting Brazilian companies, which are the third largest exporters of these metals to the US.
The Brazilian government has not announced countermeasures against the US tariffs.
Source: Agência Brasil