US proposes 25% tariff to punish Brazil over trade practices

AI Summary

The US administration has announced a proposed punitive tariff of 25% on many Brazilian imports in response to unfair trade practices including digital trade restrictions and illegal deforestation. Section 301 measures target electronic payment services, intellectual property, and ethanol market access.

The Trump administration has proposed a new punitive tariff of 25 per cent on many imports from Brazil, after deciding its practices were unfair on a range of issues from digital trade to illegal deforestation, top trade official Jamieson Greer said late on Monday. The measures, under the Section 301 trade statute, cover areas such as electronic payment services, preferential tariffs, intellectual property protection and ethanol market access as well, the Office of the United States Trade...