U.S. tariffs on Brazil take effect as Trump readies fresh flurry of duties
A 25% U.S. tariff on Brazilian imports took effect on July 22, 2026, following a year-long investigation accusing Brazil of unfair trade practices. Exemptions include beef, coffee, and aircraft parts, with roughly half of Brazil's exports to the U.S. excluded. Brazil's Vice-President Geraldo Alckmin said the country will seek negotiations rather than retaliate. The move is seen as politically targeting President Lula ahead of Brazil's October elections. Meanwhile, President Trump announced a 100% tariff on generic drugs from August 2028 and a 50% duty on Canadian goods in 30 days. A broader sweep of tariffs targeting 60 trading partners over forced labor is expected to replace the expiring 10% global levy, with rates of 10-12.5% depending on the country. Analysts warn the measures could reignite trade tensions.
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