The Brazilian mining industry has warned of severe economic consequences if the government takes reciprocal tariffs in retaliation for US President Donald Trump's threat to impose 50% tariffs since August 1.
Raul Jungmann, head of Brazil's mining association Ibram, said that if Mr. Trump followed through on his threats and Brazil took such countermeasures, the mining sector would face additional costs of up to $1 billion a year. Brazilian mining executives are considering opening talks with US companies to push the Trump administration back to the negotiating table.
Brazilian miners warn that retaliatory tariffs against the United States could cost $1 billion
2025-07-22 06:03:46
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
巴西矿商警告：对美报复性关税可能带来10亿美元损失Next article：
比特币矿企Mawson已解雇其CEO，指控其欺诈及违反信托义务
