More than half of the goods Brazil exports to the US market could be subject to additional tariffs after the United States threatened to impose new tariffs, according to a report released Monday by the National Industry Confederation (CNI), the main organization representing Brazilian industry.

The proposed tariffs could impact 35.2% of Brazil's exports to the United States. Taking into account the sector-specific tariffs that are already in force, the total share of Brazilian products subject to additional duties could rise to 54.1%, the confederation said.

The CNI added that there would be no immediate impact as the US government plans to hold public consultations and hearings before making a final decision.

The new additional tariffs were proposed by the Office of the United States Trade Representative (USTR). An additional 25% tariff on Brazilian products was proposed, with exemptions for 1,698 items including coffee, orange juice and meat.

The USTR also included Brazil among countries that it claimed have failed to adopt or effectively enforce restrictions on the importation of goods produced with forced labor, and therefore proposed an additional 12.5% tariff, with exemptions for 1,655 items.

When both measures apply to the same product, the added tariff can be as high as 37.5%.

CNI President Ricardo Alban noted that the potential tariff increases would benefit neither side.

"They would increase costs for businesses, reduce competitiveness and create uncertainty for investment. The most efficient path is dialogue, based on technical criteria and the search for solutions that preserve a strategic economic partnership for both countries," said Alban.