Channel NewsAsia
AsiaPac · 23 mins ago
US unveils new 25% tariff on certain imports from Brazil
WASHINGTON: The United States on Wednesday (Jul 15) announced a new tariff on various imports from Brazil, after a year-long investigation into the Latin American giant's trade and other policies.The 25 per cent tariff is set to take effect Jul 22, a senior US official told reporters.But a range of products, including beef, coffee and certain aircraft parts, would be exempted, the official added.The exclusions also cover certain goods that the United States does not produce. "Brazil's unfair trading practices have prevented US workers and producers from accessing this important market," US Trade Representative Jamieson Greer said in a statement."We remain open to continuing negotiations with Brazil to bring about long-needed changes to the problems identified in this investigation," he add
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