The Trump Administration announced a 25% tariff on most Brazilian imports late Wednesday, effective July 22.
The U.S. has invoked Section 301 of the Trade Act of 1974, targeting certain Brazilian practices, which include directives to American tech giants like Elon Musk's X, Meta Platforms Inc.
(NASDAQ:META), and Alphabet Inc.
(NASDAQ:GOOGL) (NASDAQ:GOOG) to remove specific political content and suspend accounts of U.S. residents.
Other points of contention comprise preferential tariffs for Mexico and India, weak intellectual property enforcement, and barriers in the ethanol market.
