While Vice President Geraldo Alckmin said on Monday that the government has set up a working group to discuss the US tariffs with business leaders. The first meeting will take place Tuesday morning, followed by another session later in the day with agribusiness leaders.

The U.S. has opened a formal investigation into Brazils trade practices, escalating tensions after President Donald Trump threatened to impose a 50% tariff on Brazilian imports starting August 1. U.S.