[Brazilian miners warn: Retaliatory tariffs against the U.S. could lead to a $1 billion loss] Golden Finance reports that the Brazilian mining industry warns that if the government takes reciprocal tariff measures in retaliation for U.S. President Trump's threat to impose a 50% tariff starting August 1, it will lead to severe economic consequences. Raul Jungmann, head of the Brazilian Mining Association (Ibram), stated that if Trump follows through on his threat and Brazil takes such countermeasures, the mining sector could face up to $1 billion in additional costs each year. Brazilian mining executives are considering engaging in dialogue with U.S. companies to urge the Trump administration to return to the negotiating table.