Brazil has opened a reciprocity process against the United States over tariffs. This was reported by Qazaqyia.kz citing Reuters.
The process is seen as a response to tariffs imposed by the US on Brazilian goods. The Brazilian government is taking this step to comply with international trade rules and protect its interests.
According to Reuters, Brazil's action reflects tensions in trade relations between the two countries. The specific list of tariffs and timelines have not yet been disclosed.
Brazil's Ministry of Trade is preparing the legal basis for this process. Experts suggest that this step could lead to negotiations with the US.
Reuters reports that Brazil's decision is in line with World Trade Organization (WTO) rules. However, the US reaction is not yet known.
This development could affect trade relations between the two countries. Brazil is one of the major trading partners of the US.