The Brazilian government has set up a strategy to face the new 50% surcharge imposed by Donald Trump on exports in the country. As a first response, Brazil prepares an action in the World Trade Organization (WTO), which should be presented after August 1st. The intention is to contest the measure and protect the sectors most affected by the American decision.
In addition, the economic team ruled out applying a taxation on all imported products. Instead, the Ministries of Finance and Development, Industry, Commerce and Services study punctual tariffs in areas such as intellectual property, copyright, streaming and medicine patents.
Another front of the government is Mercosur. With the temporary presidency of the bloc, Brazil aims to negotiate solutions to compensate for losses in trade with the United States. At the same time, it seeks to accelerate agreements with other economic partners. Among the priorities is EFTA, a block that brings together United Arab Emirates, Canada, South Korea, Mexico, Japan and Vietnam.
In the agricultural sector, the strategy includes expanding meat exports to Indonesia, Japan and Vietnam, countries seen as alternatives to reduce the dependence of the US market.
The theme will also be debated at the Meeting on Democracy, scheduled for the 21st in Santiago, Chile. The Brazilian government will take the opportunity to discuss the situation with other international leaders.
Laura Basilio under supervision of Thiago San.
