U.S. Secretary of Commerce Gary Locke addresses the Brazil-U.S. Business Council at its XXVIII Plenary meeting in Washington, DC.

Brazil News Alerts

Brazil's government said Monday it would levy a total of $591 million in retaliatory tariffs on U.S. goods under a ruling against U.S. cotton subsidies granted by a World Trade Organization ruling last year.

Brazilian inflation rose to a 12-month rate of 4.83% as of February, up from 4.59% as of January, on rising education, food and fuel costs, the Brazilian Census Bureau (IBGE) said Friday.

Brazilian industrial production posted a whopping 16% year-on-year growth rate in January, signaling a robust economic recovery for 2010, the Brazilian Census Bureau (IBGE) said Thursday.

The U.S. and Brazil will open a series of talks next week in an effort to avoid trade retaliation and possible counter-retaliation in a case involving alleged U.S. cotton subsidies.

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