US imposes a 25 percent tariff on some Brazilian imports, citing unfair trade practices
AI Summary
The US will impose a 25 percent tariff on select Brazilian imports starting July 22 following a trade investigation alleging unfair practices. Brazilian President Luiz Inácio Lula da Silva condemned the tariffs as politically motivated ahead of elections.
The United States will slap 25 percent tariffs on some Brazilian goods starting July 22 following a yearlong investigation under the Trade Act of 1974. The probe concluded that Brazil engaged in unfair trade practices. Brazilian President Luiz Inácio Lula da Silva condemned the move, saying it was politically motivated to favour his rival for upcoming elections, Flavio Bolsonaro. Also in this edition, we look at the Japanese firm trying to bring back 1980's style corporate culture.
World Politics Markets Commodities US tariffs Brazil trade sanctions Luiz Inácio Lula da Silva import tariffs trade dispute