Tariffs and Tantrums: The US Brazil Trade Spat Heats Up The United States is set to impose 25% tariffs on certain Brazilian products next week, escalating a long standing trade dispute between the two countries.
This move follows a year long investigation by US officials who claim Brazil has engaged in unfair trade practices.
At first glance, this appears to be just another iteration of the tit for tat trade wars that have become all too familiar in recent years. However, there's more at play here than just economic protectionism.