Trump’s tariffs are set to take effect this Friday, the government is preparing a series of countermeasures in response, and the Central Bank will meet this week to decide on the benchmark interest rate

BRAZIL POLITICS - Report 28 Jul 2025 by Murillo de Aragão and Cristiano Noronha

A 50% tariff on Brazilian exports to the United States is scheduled to take effect on Friday, August 1. Negotiations between the two countries have been tense and have shown little progress. Brazil’s Ministries of Finance, Industry and Trade, and Foreign Affairs are preparing a set of countermeasures in response to Donald Trump’s sweeping tariff hike. These proposals will be presented to President Lula (PT) this week. The Central Bank’s Monetary Policy Committee (Copom) will meet on Tuesday and Wednesday (July 29–30) to decide on the benchmark interest rate (Selic), currently at 15% per year.

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