The US imposes a 25% tariff on Brazil from July 22; Lula’s government rejects a “capitulation” demand and readies a legal defense and retaliation.

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.