The United States will slap 25 percent tariffs on some Brazilian goods starting July 22 following a yearlong investigation under the Trade Act of 1974. The probe concluded that Brazil engaged in unfair…

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