Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Gemini becomes Google’s fastest-growing product ever as it hits 1B users

    August 12, 2026

    Homes near pylons to get £250 a year off energy bills – first sites revealed

    August 12, 2026

    Google DeepMind: Koray Kavukcuoglu takes over in frontier AI push

    August 12, 2026
    Facebook X (Twitter) Instagram
    Addison Markets
    • Home
    • USA
    • Europe
    • Business
    • Investing
    • Tech
    • Politics
    • Contact Us
    Addison Markets
    Home»Business»Trump administration proposes 25% tariff on Brazilian goods over unfair trade practices
    Business

    Trump administration proposes 25% tariff on Brazilian goods over unfair trade practices

    franperez66q@protonmail.comBy franperez66q@protonmail.comJune 2, 2026No Comments2 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email


    Rio de Janeiro, Brazil, with Sugarloaf Mountain and Botafogo Beach in the background.

    Jeremy Walker | Stone | Getty Images

    The Office of the United States Trade Representative has proposed 25% tariffs on Brazilian goods under Section 301, determining that the South American nation had engaged in practices that “are unreasonable and burden or restrict U.S. commerce.”

    Some of these practices also include anti-corruption enforcement, intellectual property protection, ethanol market access, and illegal deforestation, according to the release from the U.S. Trade Representative.

    U.S Trade Representative Jamieson Greer said that the investigation under Section 301 was launched at the direction of U.S. President Donald Trump.

    While Trump has had “several constructive meetings” with Brazilian counterpart Luiz Inacio Lula da Silva, the two sides continue to have substantial differences in resolving the issues identified in this investigation, Greer said.

    The USTR will hold a hearing about the proposed action on July 6.

    Section 301 is designed to address unfair foreign practices affecting U.S. commerce, and allows the U.S. president to impose tariffs if an investigation finds that the acts are unreasonable or discriminatory.

    Back in July 2025, Brazil was hit with 50% tariff by Trump, partly in retaliation for the ongoing prosecution of the country’s former President Jair Bolsonaro.

    However, those duties were struck down by the U.S. Supreme Court in February, leaving Washington able to only impose a 10% global tariff on exports to the U.S.

    Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    franperez66q@protonmail.com
    • Website

    Related Posts

    Treasury yields retreat, 10-year hovers around January 2025 highs

    July 24, 2026

    The Club’s top 10 things to watch in the stock market Friday

    July 24, 2026

    Friday’s biggest analyst calls include Nvidia

    July 24, 2026

    Tech wealth fuels record prices for dinosaur bones, art and watches: Experts

    July 24, 2026

    Novo Nordisk looks to block Eli Lilly weight-loss drug ads

    July 24, 2026

    Intel’s turnaround under CEO Lip-Bu Tan gains steam with another strong quarter

    July 24, 2026
    Leave A Reply Cancel Reply

    Top Reviews
    Editors Picks

    Gemini becomes Google’s fastest-growing product ever as it hits 1B users

    August 12, 2026

    Homes near pylons to get £250 a year off energy bills – first sites revealed

    August 12, 2026

    Google DeepMind: Koray Kavukcuoglu takes over in frontier AI push

    August 12, 2026

    Aviva turnaround led by Amanda Blanc: What next?

    August 12, 2026
    © 2026 All right reserved
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.