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US Imposes 25% Tariff on Brazilian Imports Amid Trade Dispute

KVIA••CNN Newsource
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The United States has announced a 25% tariff on certain Brazilian imports starting July 22, following a year-long investigation that found Brazil engaged in unfair trade practices. The U.S. Trade Representative, Jamieson Greer, highlighted that Brazil's policies negatively impact American interests, particularly in areas like digital trade and ethanol market access. In response, Brazilian President Luiz Inácio Lula da Silva criticized the tariffs as illegal and arbitrary, indicating that Brazil will take reciprocal measures and seek resolution through the World Trade Organization. The tariff will affect a variety of Brazilian products, although key exports like coffee and beef will be exempt.

Key Details: • Tariff effective from July 22, 2023. • Brazil plans to respond with countermeasures under its Reciprocity Law. • Exemptions include coffee, beef, avocados, Brazil nuts, oil, and aircraft parts.

trade tariffs brazil us-economy lula-da-silva

People & Organizations

Marco RubioLuiz Inácio Lula da SilvaUnited StatesBrazilJamieson GreerU.S. Trade RepresentativeWorld Trade Organization

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