Markets
U.S. Hits Brazil with 25% Tariffs in Trade Crackdown
The U.S. will impose 25% tariffs on Brazilian imports starting July 22, following a yearlong investigation into unfair trade practices. The order exempts coffee, beef, oranges and aerospace parts. President Lula called the move unjustifiable and vowed retaliation, while Secretary Rubio accused Brazil of bad-faith negotiations.