Brazil Rejects Dividend Controls Amid U.S. Tariff Tensions
Brazil's Finance Ministry announced that they are not contemplating controlling dividends in response to the U.S.'s 50% tariff on Brazilian goods, even if negotiations do not progress. Finance Minister Fernando Haddad confirmed this stance, dismissing any such measures as a potential counteraction.
- Country:
- Brazil
In a recent announcement, Brazil's Finance Ministry has clarified that it is not considering implementing dividend controls against the U.S., even if ongoing talks to remove a 50% tariff on Brazilian goods fail to make headway.
This statement was confirmed by Finance Minister Fernando Haddad in response to a report by local newswire Broadcast.
Haddad emphasized that the Brazilian government is not contemplating such retaliatory measures, indicating a commitment to maintaining stable economic relations.
(With inputs from agencies.)
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