opts

BRASILIA, Brazil, July 17 (UPI) — Brazil’s government has delayed plans to invoke its Reciprocity Law after the United States imposed a 25% tariff on Brazilian exports. It opted instead for a more cautious strategy aimed at avoiding a broader trade conflict.

After meetings between the government’s economic team and the country’s leading industrial groups, President Luiz Inacio Lula da Silva‘s administration paused previous plans for immediate retaliatory measures.

According to Brazilian media reports, officials are concerned that reciprocal tariffs could trigger a trade war, increase the cost of imported inputs and drive up consumer prices in Brazil.

Industrial associations argued that the production chains of both countries are highly integrated, and that making U.S. imports more expensive would also hurt Brazilian manufacturers, CNN Brasil reported.

The Brazilian government also announced a support program for companies affected by the U.S. tariff.

“We already have mechanisms to protect our companies and our jobs,” Deputy Finance Minister Dario Durigan said. He added that, in coordination with affected industries, the government will strengthen the Brazil Sovereign Plan, which supports businesses “unfairly harmed by the increase in U.S. tariffs,” according to G1.

Analysts say Lula’s administration is expected to exhaust all negotiation channels before escalating the dispute, although they acknowledge that the prospects for direct bilateral negotiations with Washington are limited.

The Office of the U.S. Trade Representative has concluded its Section 301 investigation, determining that Brazil maintains “unfair trade practices.” That finding has left Brazilian diplomats with little room to continue technical negotiations.

Brazilian Foreign Minister Mauro Vieira on Thursday rejected Washington’s demands as “excessive and unreasonable.” He said U.S. negotiators had sought concessions that would undermine Brazil’s economic sovereignty in sensitive areas, including the country’s Pix instant payment system and environmental regulations.

Brazil’s manufacturing sector, particularly higher value-added industries, is expected to suffer the greatest impact from the 25% tariffs scheduled to take effect July 22. The measure will affect about 3,000 Brazilian products, representing nearly 18% of Brazil’s exports to the U.S. market, according to O Globo.

To limit the impact on everyday consumer goods in the United States, the Trump administration excluded products such as coffee, oranges and concentrated orange juice, beef and grains from the new tariffs.

With little indication that the White House will soften its position, Brazil has shifted its strategy away from direct bilateral negotiations and toward legal challenges before the World Trade Organization and the gradual use of its Reciprocity Law.

The government’s primary legal strategy will be to challenge the legality of the unilateral tariffs before the World Trade Organization.

Brazil has not ruled out using the Reciprocity Law, which was unanimously approved by Congress. The legislation authorizes Brazil to impose tariffs on the 76% of U.S. products that currently enter the country duty-free and even suspend intellectual property rights.

However, officials said implementation will be delayed while the government evaluates the economic impact of the U.S. measures.

“It is important to emphasize that we have the Reciprocity Law, unanimously approved by the National Congress, and the government will know how to implement it at the appropriate time,” Vice President Geraldo Alckmin said.

He said the law is not intended as retaliation but rather as a measure “that defends the national interest, the interests of Brazilians and the Brazilian economy.”

Both Austin Reaves and the Lakers have always stated their desire to continue their relationship that started when he was an undrafted prospect five years ago.

They will.

Reaves intends to re-sign with the Lakers for a maximum deal of four years and $185-million, people not authorized to speak on the matter confirmed to The Times on Wednesday.

Reaves opted out of his deal that was to pay him $14.8 million next season and would have become one of the top free agents on the market.

Instead, he will sign the richest contract in NBA history for an undrafted player. The deal also includes a player option for the final season in 2029-30.

Reaves’ representatives and the Lakers began working together on a deal in recent days when teams were able to negotiate with their own free agents at the conclusion of the NBA Finals.

Reaves, 28, will earn about $46 million per season, starting with making $41.3 million in the first year.

After the Lakers lost in the second round of the playoffs to Oklahoma City, Reaves had this to say when asked about his future and returning to the Lakers.

“I’ve been around for five years and y’all I would say, but I don’t think about (it) much,” Reaves said. “I take life day by day and I’m just blessed to have an opportunity to play for this organization, play a kid’s game. I make good money. But like I said, I don’t think about what I’m really going to do in the future, just day-by-day.”

The Lakers, on the other hand, made it clear that they wanted Reaves back.

The Lakers were aware that several teams, including Brooklyn and Detroit, had expressed interest in Reaves, and L.A. didn’t want to let him get away, making sure they didn’t by agreeing to a deal to keep him.

During his exit interview with the media last month, Lakers president of basketball operations Rob Pelinka spoke about Reaves.

“He started his journey here as a Laker and has made it very clear to us that he wants his journey to continue as a Laker,” Pelinka said. “And we feel the same way. We want his odyssey to continue to unfold in the purple and gold. As you know, there’s rules and timing to all of that but I think both sides have made it abundantly clear that we want to work something out where he continues his prolific career here.”

Reaves averaged career highs in points (23.3) and rebounds (4.7) last season, and 5.5 assists.

But he appeared in a career-low 51 games, a calf and oblique injuries keeping him out of games.

He missed the last five regular-season games with the oblique injury suffered on April 2 at Oklahoma City and the first four first-round playoff games against the Rockets. But he worked hard to return in the last two postseason games against the Rockets and the four against the Thunder.

In those six playoff games, Reaves averaged 20.0 points, 5.8 assists and 4.0 rebounds and shot 40.7% from the field, 25.7% from three-point range.

“That’s the beautiful thing about basketball is there’s always opportunities and areas that you can continue to grow,” Reaves said during his exit interview. “You’re never going to be complete in the full game. So, I’ll take some time off, get back in the gym and continue to get better.”