Trump Administration to Impose New Tariffs on Brazil
Key Points:
- The Trump administration announced it will impose a new 25 percent tariff on thousands of Brazilian products starting next Wednesday, citing unfair trade practices by Brazil against the United States.
- Key Brazilian exports such as oil and gas, beef, coffee, oranges, and aircraft parts will be exempt from the new tariff, but Brazilian ethanol will be subject to the 25 percent duty.
- This move follows a previous 40 percent tariff imposed last year, which was partially rolled back after a meeting between President Trump and Brazil’s President Luiz Inácio Lula da Silva and subsequently deemed unlawful by the Supreme Court.
- The new tariffs are being implemented under Section 301 of U.S. trade law, with further tariffs on Brazil and other countries potentially forthcoming as part of broader trade actions.
- Last year’s tariffs were also seen as politically motivated to support former Brazilian President Jair Bolsonaro amid his legal challenges following the 2022 election.