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The Brazilian government issued a statement opposing the imposition of a 12.5% tariff on Brazil by the United States on the grounds of so-called “forced labor,” arguing that the measure “lacks legal basis.” The Brazilian side will immediately begin relevant procedures to protect national interests. Brazil's Minister of Development, Industry and Trade, Marcio Rosa pointed out that in addition to the recent 25% tariff imposed by the US on some Brazilian products, various industries in Brazil, such as footwear, machinery and equipment, parts, clothing, and non-pharmaceutical chemicals, are facing a tax rate of up to 37.5%, and the industry may be seriously impacted. He said that Brazil hopes to push the US to cancel the relevant tariffs through negotiations, but will not give up the possibility of adopting reciprocal measures.
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The Brazilian government issued a statement opposing the imposition of a 12.5% tariff on Brazil by the United States on the grounds of so-called “forced labor,” arguing that the measure “lacks legal basis.” The Brazilian side will immediately begin relevant procedures to protect national interests. Brazil's Minister of Development, Industry and Trade, Marcio Rosa pointed out that in addition to the recent 25% tariff imposed by the US on some Brazilian products, various industries in Brazil, such as footwear, machinery and equipment, parts, clothing, and non-pharmaceutical chemicals, are facing a tax rate of up to 37.5%, and the industry may be seriously impacted. He said that Brazil hopes to push the US to cancel the relevant tariffs through negotiations, but will not give up the possibility of adopting reciprocal measures.
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