Trump’s 50% tariff continues to fuel tensions in Brazil, the government will evaluate the applicability of the Economic Reciprocity Law, and Deputy Lira presented his report on the income tax bill

BRAZIL POLITICS - Report 11 Jul 2025 by Murillo de Aragão and Cristiano Noronha

Donald Trump’s decision to impose a 50% tariff on Brazilian exports to the U.S. continues to fuel tensions between the government and the opposition, bringing the 2026 presidential race into early focus. President Lula said Deputy Eduardo Bolsonaro (PL-SP) is in the United States to influence Trump to interfere in the Supreme Federal Court (STF) case involving his father, former President Jair Bolsonaro. Finance Minister Fernando Haddad (PT) announced that the government has created a working group to evaluate the applicability of the Economic Reciprocity Law in response to the U.S. tariffs. Yesterday, Deputy Arthur Lira (PP-AL), the rapporteur for the income tax bill, presented his report on the executive branch’s proposal.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.