Odaily Planet Daily News According to CCTV News, on the 14th local time, Brazil established a 'Negotiation and Trade Countermeasures Committee' to assess the potential impact on its economy from U.S. President Trump's announcement of a 50% tariff on Brazil, and to discuss potential countermeasures. Brazilian Vice President and Minister of Development, Industry and Trade Alckmin stated at a press conference on the 14th that the committee will hold two meetings with the industrial and agricultural sectors on the 15th local time. Alckmin stated that engaging in extensive dialogue with exporters is the first step for the Brazilian government in responding to the tariff policy of the Trump administration. He indicated that if the U.S. tariff policy takes effect, Brazil will take retaliatory measures. The committee is chaired by Alckmin. Brazilian President Lula will also meet with some entrepreneurs through this committee.