Brazil will negotiate to reduce the 25 percent tariff applied by the US to Brazilian products
要点
- Brazilian Vice President Alckmin announced that negotiation efforts will continue to reduce the 25 percent tariff applied by the US to Brazilian products.
- While the US primarily focuses on the 18 percent ethanol tariff applied by Brazil, Alckmin argued that this debate is unwarranted.
- Brazil announced that the 35 percent customs duty applied on vehicle imports complies with World Trade Organization rules.
- The government continues its efforts with relevant institutions to find new export markets while ongoing trade disputes persist.
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Brazilian Vice President Geraldo Alckmin announced that negotiations are ongoing to reverse the 25 percent additional tariff applied by the US to Brazilian products. Stating that they are continuing the discussions with the Donald Trump administration, Alckmin described this tariff practice as unjustified and unwarranted.
It was reported that the ethanol tariff holds a significant place in the discussions between the parties. Referring to the 18 percent tariff applied by Brazil on ethanol imports, Alckmin argued that the debate on this issue is flawed because Brazilian ethanol is largely produced from sugarcane.
Touching upon the automotive sector as well, Alckmin emphasized that the 35 percent rate applied by Brazil on vehicle imports is fully compliant with World Trade Organization rules. It was stated that the Brazilian government will continue to stay at the table with the US and, at the same time, will accelerate the search for new markets with the support of institutions such as Apex and BNDES.
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よくある質問
- What is the additional tariff rate applied by the US to Brazilian products?
- The US applies an additional taxation of 25 percent on the import tariff for Brazilian products.
- Which issue stands out the most in the trade talks between the countries?
- It was reported that the 18 percent ethanol tariff applied by Brazil is predominantly discussed in the talks.
- What steps does the Brazilian government plan to take against the trade dispute?
- Brazil will continue negotiations by staying at the table with the US, while simultaneously strengthening its search for new export markets with the support of government institutions.
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