Brazilian Companies React to Trump's Tariffs With Relief and Doubt
Brazilian companies reacted with a mix of relief and doubt after the White House surprised them on Wednesday with a list of nearly 700 exceptions to the 50% tariff U.S. President Donald Trump imposed on the country's exports from August 6.
While the exemptions cover major Brazilian exports such as aircraft, iron ore, and orange juice, the country estimates that 35.9% of its sales to the U.S. by value will be hit by the new tariff. Key exports like beef and coffee were notably absent from the exemption list...
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