The legislation, known as the “Reciprocity Bill,” allows Brazil to impose countermeasures, including raising taxes and suspending intellectual property payments, in response to trade restrictions from the U.S. or other economic blocs. teleSUR
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00:00Brazil approved a new strategy to counter United States tariff threats.
00:04In the face of the tariff threat from the United States, the Economic Affairs Committee
00:07of the Brazilian Senate gave the go-ahead to a strategy that makes it possible to take
00:12measures against those countries that try to impose trade walls.
00:16According to Telesur's Brazilian reporter Ignacio Lemus, this proposal also allows the
00:20South American giant to react to unilateral foreign decisions as violation and damage
00:25of trade agreements.
00:27The measure to impose tariffs will take effect as of April 2nd, so the Brazilian Commission
00:31approved the project on a preventive basis.