US Hits Brazil with 25% Tariff in Broad Trade Clash

1 min read
Source: CNBC
US Hits Brazil with 25% Tariff in Broad Trade Clash
Photo: CNBC
TL;DR

The United States will impose a 25% tariff on most Brazilian imports starting July 22 under Section 301 after a yearlong review of what Washington calls unfair trade practices; exemptions will apply to beef, orange juice, aircraft and parts, and energy products. A separate forced-labor probe could add another 12.5% duty, with a decision due next week, intensifying tensions ahead of Brazil’s October presidential election. The move comes amid contentious negotiations and sharp rhetoric between Washington and Brasilia.

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