Brazil Establishes Committee to Assess Impact of US Tariffs and Discuss Countermeasures

According to CCTV News, local time on the 14th, Brazil established the "Negotiation and Economic and Trade Countermeasures Committee" to assess the potential impact of U.S. President Trump's announcement of a 50% tariff on Brazil on the country's economy and to discuss potential countermeasures. Brazilian Vice President and Minister of Development, Industry, and Trade Alckmin stated at a press conference held on the 14th that the committee will hold two meetings with the industrial and agricultural sectors on the 15th, local time. Alckmin stated that conducting extensive dialogue with exporters is the first step for the Brazilian government to respond to the Trump administration's tariff policy. He stated that if the U.S. tariff policy takes effect, Brazil will take countermeasures. Alckmin chairs the committee. Brazilian President Lula will also meet with some entrepreneurs through this committee. [Odaily Planet Daily]