Government studies reducing ethanol import tax by waving Trump, says Jornal

BySimon Rousseau Posted on
Government studies reducing ethanol import tax by waving Trump, says Jornal

SAO PAULO (Reuters)-The Brazilian government discusses reducing ethanol import tax, with the objective of improving its internal popularity and pacifying the relationship with the United States, according to the newspaper O Globo on Friday.

According to the report, the idea would be to present the reduction of the fee as a counterpart to the collection of a 25% surcharge on steel and aluminum in the United States, in an attempt to exception to the rule for Brazil.

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In addition, it would be a way to avoid a surcharge to Brazilian ethanol exports and to help reduce the price of fuel in the domestic market.

Simon Rousseau
Simon Rousseau

Hello, I'm Simon, a 39-year-old cinema enthusiast. With a passion for storytelling through film, I explore various genres and cultures within the cinematic universe. Join me on my journey as I share insights, reviews, and the magic of movies!