US cites Brazil's tariff concessions to India, Mexico as reason for 25% import duty
New Delhi, July 17 -- The United States has cited Brazil's preferential tariff arrangements with India and Mexico as one of the reasons for imposing a 25 per cent tariff on certain Brazilian imports, saying the trade concessions place American exporters at a disadvantage.
The tariffs, announced by the Office of the United States Trade Representative (USTR) following a Section 301 investigation into Brazil's trade practices, are scheduled to take effect on July 22.
US Trade Representative Jamieson Greer said the investigation found that Brazil grants tariff concessions to India and Mexico that are not extended to the United States, resulting in less favourable market access for American goods, according to news agency ANI.
"We have iden...
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