Brazil's government convened top ministers and staff at the presidential palace on Thursday to prepare the country's response to Washington's latest tariffs, which could include non-tariff measures affecting the audiovisual sector and pharmaceutical and agricultural patents, three people who attended the meetings told Reuters, APA reports.
The measures under consideration are in line with Brazil's reciprocity law, which President Luiz Inácio Lula da Silva pledged his government would invoke after the Trump administration announced a 25% tariff on many Brazilian products on Wednesday in response to what it said were unfair trade practices by Brazil.
"How we proceed from here will depend on the instructions the president gives us, but it is highly unlikely there won't be a tough response," one of the people said.
According to another source, Brazil is expected to revisit countermeasures studied last year under the reciprocity law, including curbs on dividend and royalty remittances by U.S. audiovisual companies.
The government is also considering suspending patent protections for pharmaceutical products and agricultural seeds.
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