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America targets Brazilian goods with 25% tariff amid Robbio’s attack on Lula
The United States imposed a 25% tariff on most Brazilian imports starting from July 22, following a one-year investigation into trade practices that Washington deemed unfair. These tariffs include American technology companies and restrictions on the oil and ethanol markets, with exemptions for certain types of goods such as meat and airplanes. This move comes after the repeal of previous tariffs imposed by President Trump at a rate of 50%, and it represents an escalation in trade tensions between the two countries. It is also considered a response to escalating political and commercial disputes. Additionally, an investigation into forced labor laws could lead to an extra 12.5% surcharge, which may impact Brazil’s upcoming presidential elections.
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