Brazil warns of export impact from US tariffs

Brazil estimates that newly ​announced U.S. tariffs ‌will affect 23.1% of its exports, ​according to a ​government statement released on ⁠Friday.

Of that ​total, 16.5% of ​Brazilian exports will face combined U.S. duties of ​37.5%, the ​statement said.

Washington imposed a 25% levy ‌on ⁠several Brazilian products last week, citing what it ​described as ​unfair ⁠trade practices. On Thursday, ​Brazil was targeted ​with ⁠an additional 12.5% tariff linked to ⁠concerns ​over forced ​labor.

-Reuters