Trade With Iran Makes Brazil a Target For More US Tariffs, Data Shows
Brazil ran a $2.9 billion trade surplus with Iran last year, government data shows, making the South American nation a potential candidate for new U.S. tariffs.
U.S. President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on any trade with the U.S., as Washington responds to political turmoil in Iran, which is seeing its biggest anti-government protests in years.
In mid-2025, Brazil faced additional U.S. tariffs on goods including beef, coffee, and orange juice. Washington later changed course, partly removing the extra duties to avoid inflationary pressure at...
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