Brasilia, Aug. 5 -- Brazil is preparing to formally challenge the newly imposed US tariffs at the World Trade Organization (WTO) while keeping the door open to negotiations, officials said.
The move comes after US President Donald Trump announced a 50 per cent tariff on a range of Brazilian exports, including coffee, beef and petrochemicals, set to take effect Wednesday. The measure affects roughly 35 per cent of Brazil's exports to the United States, though key products such as energy products and certain minerals were excluded.
Brazil's Chamber of Foreign Trade approved a proposal on Monday to begin a formal consultation with the WTO, the first step in a dispute settlement process. The chamber's council of ministers forwarded the decisi...