Trump signs executive order imposing additional 40% tariff on Brazil

Source
JH Kim

Summary

  • It was reported that U.S. President Donald Trump signed an executive order imposing an additional 40% tariff on imports from Brazil.
  • Accordingly, the total tariff rate on Brazilian imports was raised from the previous 10% to 50%.
  • This measure is expected to impact the U.S.-Brazil trade environment.

According to the economic news account Walter Bloomberg on the 30th (local time), Donald Trump, President of the United States, signed an executive order imposing an additional 40% tariff on Brazilian imports.

As a result, the total tariff rate imposed on Brazil has been raised from the previous 10% to 50%.

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JH Kim

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