Brazil's government considers targeting US audiovisual royalties and pharmaceutical patents as retaliation for the new 25% tariff on Brazilian goods starting July 22.

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 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.