The US is proposing a new 25% tariff on Brazilian goods after a fresh investigation found the South American country engages in unfair trade practices.
The announcement, published late Monday by the Office of the US Trade Representative, exempts a vast list of products including coffee, beef, some fruits and aircraft parts.
According to the USTR, Brazilian policies related to digital trade and electronic payment services, anti-corruption enforcement, intellectual property protection, ethanol market access and illegal deforestation “are unreasonable and burden or restrict US commerce” under Section 301 of the Trade Act. Representatives of Brazil’s government didn’t immediately respond ...