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Brazil & Southern Cone - August 2025

Introduction

This August edition of the Latin American Regional Report: Brazil & Southern Cone begins with an analysis of trade relations between the US and Brazil. A 50% tariff rate on many Brazilian products took effect on 6 August. While the impact of the tariffs on Brazil’s overall exports is expected to be limited, the tariffs still highlight the need for greater trade diversification amid the tensions with the US, Brazil’s second largest trade partner.

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