US announces new 25% tariffs on Brazil for ‘unfair’ trade practices
Amanda Perobelli/Reuters The US plans to impose a 25 percent tariff on some Brazilian imports, after a yearlong investigation concluded that the country had engaged in “unfair” trade practices.
The US launched the initial investigation last July under Section 301 of the Trade Act of 1974, designed to affect foreign practices affecting US commerce and competitiveness.1 billion more in goods last year than it imported from the US.
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