U.S. to impose 25% tariffs on Brazilian imports over unfair trade practices
Summary
The United States will place a 25% tax (tariff) on certain goods imported from Brazil starting July 22. This action follows a U.S. investigation that found Brazil uses unfair trade practices, such as weak anti-corruption rules and unfair taxes, that hurt American businesses.Key Facts
- The U.S. is imposing a 25% tariff on some Brazilian imports due to unfair trade practices.
- The tariffs begin on July 22 and exclude products not made in the U.S. or that could disrupt supply chains, like coffee, beef, and aerospace parts.
- The U.S. Trade Representative said Brazil’s unfair actions block U.S. workers and companies from one of the world’s largest markets.
- The U.S. investigation, lasting a year, found Brazil had issues like weak enforcement against corruption and unfair tariffs of its own.
- The tariffs use Section 301 of the Trade Act of 1974, a law allowing action against unfair trade practices.
- The U.S. had previously imposed and later lifted other tariffs on Brazil after progress in talks.
- Brazilian President Lula da Silva criticized the tariffs and claimed they were politically motivated.
- U.S. officials said the tariffs are based on long-standing trade concerns, not politics, and that recent talks with Brazil did not fix the problems enough.
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