Brazilian and American business groups sent a joint letter proposing a two-stage deal to head off a twenty-five percent tariff due to be decided on July 15.
Trade
Key Facts
—The move. Brazil’s industry confederation, the American Chamber of Commerce for Brazil and the U.S. Chamber of Commerce sent a joint letter to both governments on 9 July.
—The clock. Washington must decide by 15 July whether to impose a twenty-five percent tariff following a Section 301 investigation.
—The exposure. The industry confederation estimates about 4,200 Brazilian products are in scope, worth roughly $15bn of exports to the American market.
What new tariffs would mean for US-Brazil trade
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The agency proposed the levy as a result of a Section 301 investigation launched last year, with a public hearing set for July 6.
