US removes 40% tariff on meat, coffee and more Brazilian products

The United States government announced this Wednesday (20) the withdrawal of additional 40% tariffs applied to some Brazilian products. The list of products includes coffee, meat and more agricultural products. The decree also removes 40% tariffs on imports of Brazilian aircraft parts.

The decision was formalized through an executive order signed by President Donald Trump and . The exemption of more than 200 exempt products came into force, retroactively, from November 13, the same date as the last meeting between Mauro Vieira, Minister of Foreign Affairs of Brazil, and Marco Rubio, US Secretary of State.

Main products exempt from the additional 40% US tariff

  • Meat (beef and pork)
  • Café
  • Fresh and dried fruits (e.g. mango)
  • Cocoa
  • Sugar
  • Pescados (fish)
  • Mel
  • Açaí
  • Uva
  • Coconut Water
  • Chestnuts (includes Brazil nuts)
  • Lower value-added textiles/clothing
  • Shoes
  • Furniture (some “industrialized products with lower added value”)
  • Metallic and non-metallic minerals
  • Other minerals (e.g. certain iron ores)
  • Mineral-chemical products (such as fertilizers)
  • Fuel oils/petroleum derivatives
  • Natural gas
  • Coal
  • Energy products in general

The White House says Rubio will be responsible for monitoring the situation and will be able to recommend further action if necessary. The order also authorizes various US government bodies to implement the changes and ensure compliance with the measure.

FREE TOOL

XP simulator

US removes 40% tariff on meat, coffee and more Brazilian products

Find out in 1 minute how much your money can yield

Officially, the measure amends executive order 14,323, from July, which imposed an additional 40% tariff on certain Brazilian products, “in response to policies and practices of the Brazilian government considered a threat to national security, foreign policy and the US economy”, according to the US government.

At the time, Trump justified the decision by citing a “witch hunt” against former president Jair Bolsonaro and alleged censorship of US social media platforms.

According to the official text, following a conversation between Trump and Brazilian President Luiz Inácio Lula da Silva in October, “negotiations to resolve the issues raised advanced, leading to the recommendation that some Brazilian agricultural products be excluded from the additional tariff.”

Continues after advertising

After exchanging barbs and insults, Lula and Trump met for the first time in September, at the UN General Assembly, where the American president said he had “excellent chemistry” with the Brazilian. The following month, the leaders met in Malaysia, where a pledge of agreement was reached.

Source link

News Room USA | LNG in Northern BC