US sales fall 18.5%, and scale surplus
The 50% tariff is valid since August 6. At that date, the US began to charge another 40% on 10% rates that have been applying since April on the importation of Brazilian products. Since then, a 50% fee has been charged on products such as coffee, meat, fish, sugar, cocoa and tropical fruits such as mango and grapes. Chestnuts, orange juice and civil aviation products have entered a list of almost 700 products that got rid of the surcharge.
The reasons for tariffs are policy. Trump implemented the additional 40% tariff on Brazil “to deal with recent policies, practices and actions of the Brazilian government that constitute an unusual and extraordinary threat to national security, foreign policy and the US economy,” the Republican wrote in his executive order.
The document cites the Minister of the Supreme Court (STF) Alexandre de Moraes and former President Jair Bolsonaro (PL). The White House classified the lawsuit against the former president as a “persecution, intimidation, harassment and censorship.”
Moraes has abused his judicial authority to threaten, reach and intimidate thousands of his political opponents.
White House Communiqué
Brazil’s court decisions against Big Techs were also mentioned. The American accused Brazil of taking “unprecedented measures to coerce American companies in a tyrannical and arbitrary way” to “censor” political speeches, remove users and change content moderation policies under “extraordinary fines” and criminal proceedings.
