Brazil Increases Tariffs on 100 Products, Including Footwear, Kitchenware, Etc.
Brazil announced a tariff hike for 100 products Sept. 4 that include, among other things, tires, auto parts, kitchenware, footwear, and paper. Members of the MERCOSUR customs union have 15 days from Sept. 6 to object, after which Brazil will…
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be authorized to adopt the measure. The tariff increases will be valid for a period of 12 months, after which they may be renewed for another year. According to Brazil, the increases respect World Trade Organization tariff limits. The list of products is available here (Portuguese).