White House Executive Order Increases Tariffs on Brazilian Imports to 50%

President Trump signed an Executive Order today, July 30, implementing an additional 40% tariff on Brazilian products, bringing the total tariff amount to 50%. 

The Trump Administration said its reason for the tariff increase is due to “recent policies, practices, and actions by the Government of Brazil that constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States.” 

See the White House Fact Sheet regarding this Executive Order here.  

In addition, the Office of the U.S. Trade Representative (USTR) on July 15 initiated an investigation of Brazil under Section 301 of the Trade Act of 1974. The investigation will seek to determine whether acts, policies, and practices of the Government of Brazil related to digital trade and electronic payment services; unfair, preferential tariffs; anti-corruption interference; intellectual property protection; ethanol market access; and illegal deforestation are unreasonable or discriminatory and burden or restrict U.S. commerce. 

For further questions or discussion, please contact your South East World Wide (Chicago), Ltd. Sales Representative.