reuters.com
www.reuters.com

cross-posted from: https://lemmy.world/post/35143304

BRASILIA, Aug 28 (Reuters) - Brazil’s Foreign Ministry has ordered government trade body Camex to start analyzing whether a local reciprocity law could be used against the United States, two sources from the ministry said on Thursday.

The law, passed earlier this year by Brazil’s Congress, establishes a legal framework for Brazil to respond to potential unilateral trade measures targeting its goods and services, including countermeasures such as tariffs.

  • Mereo@lemmy.caEnglish
    181·
    4 days ago

    Keep pushing back Brazil. Coffee should definitely be on the tarrif list.

    • kiagam@lemmy.worldEnglish
      8·
      3 days ago

      A tariff is not a tax on exit, it is on entry. US decides to charge tax on the coffee

      • Mereo@lemmy.caEnglish
        2·
        3 days ago

        Doh! You’re right. I wrote this before sleeping. Nevertheless, I hope Brazil hits the US where it hurts.

  • kiagam@lemmy.worldEnglish
    26·
    3 days ago

    Foreign products already pay huge taxes (60%+). As a final consumer you can’t find anything below 190% of original price. Many people travel to US just to buy stuff because it is already so heavily taxed. The price difference for a single iphone already pays for 2 plane tickets (which can be cheaper than travelling nationally depending on destination, given the demand)

    Brazil has a tariff for decades and now cries wolf

    • marcos@lemmy.worldEnglish
      1·
      3 days ago

      Brazilian tariffs are actually smaller than the ones the US imposed. The reason you can’t find anything below 190% of the original price isn’t just the tariffs.

      That said, yeah, they are already too large.