Athletic Club seek first Champions League points against in-form Qarabağ
Athletic Club host Qarabağ FK on Wednesday at San Mamés, aiming to earn their first points in the new Champions League league phase as the Azerbaija...
U.S. President Donald Trump has announced sweeping 50% tariffs on Brazilian imports, citing concerns over judicial overreach and human rights violations. Yet major economic sectors were spared, following weeks of negotiations and lobbying from businesses on both sides.
The new tariffs, which take effect on 6 August, exclude Brazilian exports such as civil aircraft, oil, pulp, orange juice, pig iron and fertilisers—categories representing a significant portion of trade with the U.S. The decision follows growing calls from U.S. industry and Brazilian diplomats to avoid disruption to critical supply chains.
“This is a more benign outcome than it could have been,” Brazilian Treasury Secretary Rogerio Ceron said in response to the final order. The exemptions eased market concerns, with shares in aerospace firm Embraer and pulp producer Suzano rising in São Paulo trading.
A White House factsheet linked the move to concerns about Brazil’s internal political situation, including prosecutions that U.S. officials claim target individuals and companies unlawfully. While not central to trade discussions, these cases have triggered diplomatic strain.
In Brasília, the Foreign Ministry confirmed that talks had resumed with the U.S. after a breakdown in June. Foreign Minister Mauro Vieira said he met with U.S. Secretary of State Marco Rubio to reaffirm Brazil’s readiness for further dialogue on tariff issues. He stressed that domestic judicial matters would remain outside the scope of trade discussions.
Trade analysts warned that the tariffs, even with exemptions, could still have a tangible impact. Former Brazilian trade secretary Welber Barral said Brazil exports around 3,000 product lines to the U.S., many of which will now be subject to heavier duties.
A report by the American Chamber of Commerce for Brazil found that nearly 700 products—covering 43.4% of Brazilian export value—had been excluded from the increase. However, key sectors such as beef and coffee did not make the list.
Brazil’s powerful agribusiness lobby voiced concern. The meat industry group Abiec warned of potential losses of more than $1 billion in the second half of 2025. Coffee exporters expressed hope for further talks.
Meanwhile, the mining industry and oil sector saw significant relief. The Brazilian Petroleum Institute (IBP) confirmed that suspended oil shipments to the U.S. would resume. Mining association Ibram noted that 75% of mining exports were covered by exemptions.
Despite some legal experts questioning the motivation behind the tariffs, the emphasis in Brasília remains on safeguarding exports and reopening dialogue. As trade flows adjust to the new rules, Brazilian exporters are bracing for selective impacts while pushing for broader exemptions in future negotiations.
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Athletic Club host Qarabağ FK on Wednesday at San Mamés, aiming to earn their first points in the new Champions League league phase as the Azerbaijani side look to extend their perfect start.
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