Brazil has formally answered a US trade probe, rejecting a threatened tariff and arguing Washington never proved that Pix harms American firms.
Trade
Key Facts
—The filing. On July 1 Brazil sent its formal reply to the US trade office, signed by Foreign Minister Mauro Vieira.
—The threat. The probe could end in a 25% tariff on Brazilian goods, which Brazil calls inappropriate.
—The argument. Brazil says Washington replaced proof of harm with mere “concern, dissatisfaction or policy disagreement.”
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