US to Impose Additional 40% Duty on Brazil
The U.S. is imposing an additional 40% duty on certain imports from Brazil, according to a new executive order released by the White House, bringing the total tariff rate to 50%. Trump, invoking the International Emergency Economic Powers Act, said the duties are in response to policies, practices, and actions of the Brazilian government that threaten the national security, foreign policy and economy of the U.S.
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The new duties will not apply to goods that are loaded before 12:01 a.m. EDT Aug. 6 and are in transit when the action begins, as long as they enter before 12:01 a.m. EDT Oct. 5.
There are also hundreds of items that will not be subject to the additional 40%, including aircraft and aircraft parts, orange juice, Brazil nuts, iron ore, pig iron, oil products, and items subject to the Section 232 actions on steel, aluminum, copper, lumber, autos, and semiconductors. The lists are in the annexes to the order.