In a new article published in Valor Econômico, Philip Yang, Founder of the URBEM Institute and a member of CEBRI’s International Advisory Council, and Monica de Bolle, a member of CEBRI’s International Advisory Council and Senior Fellow at the Peterson Institute for International Economics (PIIE), analyze the risks of a strategy based exclusively on tariff reciprocity. They argue that the best response lies in strengthening competitiveness, expanding Brazil’s international engagement, and upholding its commitment to the multilateral trading system. The article invites reflection on the challenges facing Brazilian trade policy amid transformations in the global economy.

The topic was also discussed at the event “Is It Possible to Negotiate Without Retaliating? Brazil in the Face of the Tariff Blitz,” hosted by CEBRI on July 28 and livestreamed on its YouTube channel. The event brought together experts to analyze the impact of recent tariff measures imposed by the United States and discuss the options available to Brazilian trade policy. The debate addressed the challenges of balancing negotiations, competitiveness, and international engagement amid rising tensions in global trade.

Read the full article HERE.

Watch the full debate on CEBRI's YouTube channel.