Brazilian Minister of Finance: Imposing tariffs on the United States will only end up shooting oneself in the foot.

Recently, the United States imposed a 40% ad valorem tariff on Brazilian exports to the US, with most Brazilian exports facing a tariff rate as high as 50%. Brazilian Finance Minister Fernando Adaya said in an interview in So Paulo on the 23rd that the US's practice of imposing tariffs on Brazilian goods, especially commodities, will only backfire.