Svmuu News: The Office of the United States Trade Representative (USTR) announced on the 15th (local time) that, pursuant to instructions from U.S. President Donald Trump, U.S. Trade Representative Greer took final action under Section 301 of the Trade Act of 1974 to impose a 25% tariff on certain Brazilian goods.This decision stems from a year-long investigation by the USTR.The investigation concluded that certain measures taken by Brazil in areas such as digital trade and electronic payment services, unfair preferential tariffs, anti-corruption law enforcement interference, intellectual property protection, ethanol market access, and illegal deforestation constitute “unreasonable practices” that impose burdens or restrictions on the business activities of U.S. farmers, workers, innovative companies, and exporters.
Greer stated: “Although the United States and Brazil have engaged in extensive negotiations over the past year, these issues remain unresolved.The United States remains willing to continue negotiations with Brazil to address the long-standing issues identified in this investigation.” The United States will exempt Brazilian beef and coffee from the new 25% tariffs imposed on Brazilian goods. (Jin Shi)