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2026-07-16 12:50:13
[US Tariffs on Brazil Warn of Unresolved Trade Risks, Tariff Threat Still Lurking] (1) The US imposition of 25% tariffs on some Brazilian goods indicates that although the recent Middle East conflict has taken center stage and temporarily overshadowed the tariff threat, trade risks are far from over and remain lurking in the background, potentially continuing to drag down economic growth. (2) With the expiration of Section 122 tariffs, the US's Section 301 tariffs on 60 trading partners may take effect in the coming weeks. (3) Standard Chartered analyst Edwin Lee points out that the broader risk lies in the possibility that the US may seek to rebuild its tariff structure through more legally sustainable measures, and the midterm elections will be a key focus, potentially pushing the Trump administration to take a tougher trade stance.
