Tag: Tariffs

• Tuesday, May 31st 2022 - 10:52 UTC

  Elimination of a “Brazil cost” item represents a further 1,5 percentage point reduction in tariffs

  

  The Brazilian government is drafting a presidential decree to change tax revenue mechanisms, which the economic team argues it will lead to a 1.5 percentage point reduction in the rates levied on all imported products. This is part of president Bolsonaro's administration policy of (gradually) opening the Brazilian economy to foreign competition.

• Saturday, October 9th 2021 - 09:55 UTC

  Agreement reached between Argentina, Brazil to cut down common external tariffs by 10%

  

  The Governments of Argentina and Brazil Friday agreed to cut down the common external tariffs (CET) by 10% “in a very wide universe of products” after months of tensions among members of Mercosur on the issue.

• Monday, June 7th 2021 - 09:05 UTC

  Cardoso and Lula da Silva support Argentina in the Mercosur tariff reduction controversy

  

  Former Brazilian presidents Fernando Henrique Cardoso and Lula da Silva signed a statement in which they support Argentina's position in the Mercosur controversy regarding a flat unilateral tariff reduction as sponsored by president Jair Bolsonaro, with the backing of Uruguay, but rejected by President Alberto Fernandez.

• Friday, June 4th 2021 - 09:55 UTC

  Lacalle Pou wants Uruguay to compete in an unprotected foreign trade scenario

  

  Uruguayan President Luis Lacalle Pou said Thursday during the virtual Export Day celebrations that “we like to play on a large court, and not on a small, protected one.”

• Monday, May 3rd 2021 - 09:56 UTC

  Argentine Ambassador to Mercosur wants new tariffs to boost local production

  

  Argentina's Ambassador to Mercosur Mariano Kestelboim Sunday said he favoured “a new common external tariff that promotes productive development.”

• Monday, January 11th 2021 - 09:40 UTC

  Covid-19: Brazil reduces to zero import tariffs for syringes and needles

  

  Brazil has reduced import taxes and tariffs to zero for products used to combat Covid-19, including syringes and needles classified under codes 9018.31.11, 9018.31.19, 9018.31.90, 9018.32.19, and 9018.39.10 of the Mercosur Common Nomenclature. The products are included in the list of temporary tariff reductions covered by Gecex (Executive Management Committee of the Chamber of Foreign Trade), Resolution 17, from 17 March 2020.

• Saturday, December 19th 2020 - 09:05 UTC

  US record imports from China in 2020, despite Trump administration's tariffs

  

  Despite the Trump administration's tariffs on Chinese goods and the ongoing COVID-19 pandemic, U.S. imports from China are surging as the year 2020 draws to a close, The New York Times reported.

• Thursday, November 26th 2020 - 08:21 UTC

  France demands online technology giants to pay a “new digital tax” on 2020 profits

  

  France will require online technology giants to pay a new “digital tax” on their 2020 earnings, the finance ministry said on Wednesday, despite Washington's warning that it could retaliate with new tariffs on French imports.

• Saturday, September 26th 2020 - 08:30 UTC

  Thousands of US companies sue the Trump administration over tariffs on trade with China

  

  About 3,500 U.S. companies, including Tesla Inc, Ford Motor Co, Target Corp, Walgreen Co, and Home Depot have sued the Trump administration in the last two weeks over the imposition of tariffs on more than US$300 billion in Chinese-made goods.

• Tuesday, September 22nd 2020 - 07:54 UTC

  United States rice for Brazil: 30,000 tons according to USDA

  

  The United States reported last week the sale of 30,000 tons of rice to Brazil. This follows on the decision from the Brazilian Chamber of Foreign Trade (Camex) to slash tariffs on rice to zero, helping to reduce the price of the grain for consumers.