Brazil starts formal process to assess US tariff retaliation, say sources (www.reuters.com)
from Stamau123@lemmy.world to world@lemmy.world on 29 Aug 01:30
https://lemmy.world/post/35143305

cross-posted from: 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.

#world

threaded - newest

Catoblepas@piefed.blahaj.zone on 29 Aug 02:36 next collapse

Coffee drinkers about to start paying $10/cup for anything made outside the home.

Mereo@lemmy.ca on 29 Aug 03:17 next collapse

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

kiagam@lemmy.world on 29 Aug 11:01 collapse

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

Mereo@lemmy.ca on 29 Aug 13:33 collapse

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

kiagam@lemmy.world on 29 Aug 11:00 collapse

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.world on 29 Aug 15:48 collapse

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.