Why the US is imposing 25% tariffs on specific imports from Brazil and how Lula has responded
New Delhi, July 16 -- The United States will impose a 25% tariff on select imports from Brazil from 22 July, following an investigation that found the country had engaged in unfair trade practices.
According to PTI, the Office of the US Trade Representative (USTR) concluded that Brazil had engaged in several practices the US considers unfair or unreasonable. These include concerns over weak anti-corruption enforcement and tariff policies that Washington says disadvantage American businesses.
Despite those concerns, the United States has maintained a trade surplus in goods with Brazil for several years.
US Trade Representative Jamieson Greer said the tariffs are aimed at ensuring fair competition for American workers and businesses.
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