The United States announced the elimination of the 40 % tariff on a list of products from Brazil, following negotiations between Donald Trump and Luiz Inácio Lula da Silva.

The products included are beef and other bovine products; spices, fruits, and grains such as coffee, cocoa, and their derivatives, as well as other agricultural goods.

The decision was announced on Thursday, November 20, and applies “to certain goods that were imported from Brazil or removed from warehouses since November 13.”

The exemption list also includes “fossil fuels, coal-derived products or chemicals related to coal and its processing, liquefied gases, chemicals, wood pulp, and a wide range of components for civil aviation.”

M.Pino

Source: bancaynegocios

(Reference image source: kelsen Fernandes on Unsplash)

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