Tariffs on Brazil take effect as US readies fresh flurry
WASHINGTON, DC
A new U.S. tariff targeting Brazil took effect on July 22, while Washington’s other trading partners brace for a fresh volley of duties as President Donald Trump’s temporary global levies expire this week.
The 25-percent Brazil tariff followed a year-long U.S. investigation, with Washington accusing the Latin American giant of unfair trade practices.
This has drawn sharp pushback, although Brazil’s Vice President Geraldo Alckmin told a press conference on July 20 that Brazil will seek to resolve the issue through negotiations instead of retaliating.
