The United States has announced plans to impose a 25% tariff on certain Brazilian imports, citing ‘unfair’ trade practices. This decision comes after a year-long investigation by the United States Trade Representative (USTR) into Brazilian policies affecting digital trade, ethanol market access, and other areas.
Investigation Findings
The USTR investigation concluded that Brazilian policies harm the interests of Americans. Secretary of State Marco Rubio stated that President Lula’s government has not negotiated with the US in good faith, and that his economic policies are detrimental to both Americans and Brazilians.
The tariffs, which will go into effect on July 22, will apply to certain Brazilian goods. However, exemptions will be made for goods that could disrupt supply chains and are not produced in the US, such as raw materials, pharmaceuticals, and coffee.
The US remains open to continuing negotiations with Brazil to resolve the issues. The US launched the initial investigation under Section 301 of the Trade Act of 1974, which is designed to address foreign practices affecting US commerce and competitiveness.
Original reporting: KTVZ (Central Oregon) — read the source article.
