US imposes 25 pc tarrif on Brazil; "lamentable milestone," violation of trade rules, says Brazil
Washington DC, July 16 -- The United States Trade Representative (USTR) announced a 25 per cent tariff on certain goods imported from Brazil under Section 301 of the Trade Act of 1974, following what it described as a year-long investigation into Brazil's trade practices.
The Brazilian government, headed by President Lula da Silva, hit back at the United States, describing the move as a "lamentable milestone" in bilateral relations and a violation of multilateral trade rules.
"Today, USTR is taking action under Section 301 of the Trade Act of 1974 by imposing a 25% tariff on certain goods of Brazil after extensive public hearings and comments as well as numerous negotiating rounds with Brazilian officials," US Trade Representative Jamie...
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