SME Times is powered by   
Search News
Just in:   • No permanent friends or enemies; only permanent interests: Defence Minister Singh amid Prez Trump's tariff threats  • Atmanirbharta in defence a 'condition for survival and progress': Rajnath Singh  • Govt to improve India's economic indicators by integrating ocean ecosystem accounts  • Indian stock markets dip 2.2 pc amid tariff concerns; Q1 GDP growth to provide buffer  • India, Japan join hands in push for critical minerals 
Last updated: 17 Jul, 2025  

brazil-2.jpg Brazil expresses 'indignation' over US tariffs

brazil-2.jpg
   Top Stories
» No permanent friends or enemies; only permanent interests: Defence Minister Singh amid Prez Trump's tariff threats
» Atmanirbharta in defence a 'condition for survival and progress': Rajnath Singh
» Indian stock markets dip 2.2 pc amid tariff concerns; Q1 GDP growth to provide buffer
» Trump’s ‘dead economy’ jibe falls flat as India’s GDP growth surges to 7.8 pc
» India unleashes bold reforms to mitigate impact of global uncertainties, tariffs: FinMin
IANS | 17 Jul, 2025

The Brazilian government has formally protested the US decision to impose 50 per cent import tariffs on all Brazilian exports, effective Aug. 1, warning of serious economic consequences and a strain on bilateral relations.

In a letter to US Secretary of Commerce Howard Lutnick and Trade Representative Jamieson Greer, Brazil conveyed its "indignation" over the move announced by US President Donald Trump on July 9.

The letter was jointly signed by Vice President and Development Minister Geraldo Alckmin and Foreign Minister Mauro Vieira, said a statement released Wednesday by Brazil's Ministry of Development, Industry, Trade and Services.

"The Brazilian government expresses its indignation at the July 9 announcement," the letter read, warning that the tariffs would severely impact key sectors in both economies and jeopardize what has historically been a strong economic partnership.

"In over two centuries of bilateral ties, trade has been a cornerstone of cooperation and prosperity between the two largest economies in the Americas," it noted.

The protest comes amid a broader backlash in Brazil. A public opinion poll conducted by consulting firm Quaest between July 10 and 14 showed overwhelming domestic opposition to the US tariffs, reports Xinhua news agency.

The survey, which engaged more than 2,000 respondents across 120 municipalities, found that 72 per cent of Brazilians reject Trump's justification for the tariffs, which cited alleged political persecution of former Brazilian President Jair Bolsonaro.

Seventy-nine percent of respondents expressed concern that the tariffs would negatively affect their lives or those of their families. Fifty-three per cent of those surveyed supported Brazilian President Luiz Inacio Lula da Silva's stance on imposing reciprocal tariffs, while his approval rating rose modestly from 40 to 43 per cent amid the dispute.

US Trade Representative Jamieson Greer announced that Washington has launched an investigation into Brazil's trade practices, focusing on the treatment of digital commerce and electronic payment services, which the United States claims to be discriminatory and harmful to American businesses.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter