A separate U.S. probe into forced-labor enforcement could see an additional 12.5% duty on Brazilian goods on top of the 25%, with the decision due next week.

Brazil is bracing for a US tariff of up to 25% as the July 15 deadline lands, holding retaliation in reserve while betting Washington may only delay it.

The US is proposing 25% tariffs on Brazilian imports targeting digital trade and PIX payments. Here's what it means for crypto and risk assets.