U.S. tariffs, high interest rates dampen Brazil's growth

SAO PAULO, Feb. 3 (Xinhua) -- In 2025, Brazil's industrial output expanded by a meager 0.6 percent, according to a report released on Tuesday by the Federation of Industries of the State of Sao Paulo (FIESP).

As the largest business conglomerate in South America, FIESP pointed out that the industry was under constant pressure from U.S. tariffs and a high annual benchmark interest rate of 15 percent.

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