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Brazilian industry estimates nearly half its US exports will face additional tariffs

Americas 1 source 1 country 🔦 Under-reported 39m ago

A study by the National Confederation of Industry (CNI), Brazil's primary industrial employers' body, shows that nearly half of all Brazilian exports bound for the United States will face additional tariffs. Specifically, 48.7 percent of these exports will be subject to the new charges following the official entry into force of the United States' new forced-labor levy.

The implementation of the new levy and the resulting tariffs directly impacts a significant portion of commercial trade between the two nations, according to the industry association's findings. The CNI data highlights the broad scope of the trade measure, which affects almost half of the goods shipped from Brazilian manufacturers to the American market.

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Read the full story at the source MercoPress (LatAm) · UY
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