A 25% US tariff on Brazilian goods took effect July 22, but Brazil is not retaliating immediately. Lula faces pressure from VP Alckmin and industry to.

ApexBrasil says US$7.2 billion of Brazil's US$38 billion in exports to the US face the new 25% tariff from July 22; farm group CNA puts the agricultural hit at 36.5%.

A new US tariff targeting Brazil took effect Wednesday, while Washington's other trading partners brace for a fresh volley of duties as President Donald Trump's temporary global…