Odaily Planet Daily News According to CCTV News, on the 14th local time, Brazil established the "Negotiation and Economic and Trade Countermeasures Committee" to assess the possible impact of US President Trump's announcement of a 50% tariff on Brazil on the country's economy and discuss potential countermeasures. Brazilian Vice President and Minister of Development, Industry and Trade Alckmin said 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 said that conducting extensive dialogue with exporters is the first step for the Brazilian government to deal with the Trump administration's tariff policy. He said that if the US tariff policy takes effect, Brazil will take countermeasures. The committee is chaired by Alckmin. Brazilian President Lula will also meet with some entrepreneurs through this committee.