Brazil is preparing a plan to mitigate the impact of US tariffs.

Brazil's Finance Minister Ade said on Wednesday that Brazilian officials have prepared an emergency plan to mitigate the impact of US tariffs on Brazil, and added that these proposals should be submitted to President Lula next week. Ade said in an interview in Brasilia that the US has announced a 50% tariff on Brazilian goods starting from August, and is currently in talks with other countries in multiple rounds, and he believes Brazil will be next.