Brazil would be the first country targeted under President Donald Trump's new tariff strategy, which relies on Section 301 of U.S. trade law.

The U.S. Trade Representative faces a July 15 deadline to impose a 25% duty on Brazil, covering 4,200 products worth $15bn in exports. See the exempt list and stacking risk.

The fresh levy will go into effect July 22 with exemptions for a list of goods, including those covered by Section 232 duties.