- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
cross-posted from: https://lemmy.world/post/35143304
BRASILIA, Aug 28 (Reuters) - Brazil’s Foreign Ministry has ordered government trade body Camex to start analyzing whether a local reciprocity law could be used against the United States, two sources from the ministry said on Thursday.
The law, passed earlier this year by Brazil’s Congress, establishes a legal framework for Brazil to respond to potential unilateral trade measures targeting its goods and services, including countermeasures such as tariffs.
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Keep pushing back Brazil. Coffee should definitely be on the tarrif list.
A tariff is not a tax on exit, it is on entry. US decides to charge tax on the coffee
Doh! You’re right. I wrote this before sleeping. Nevertheless, I hope Brazil hits the US where it hurts.
Foreign products already pay huge taxes (60%+). As a final consumer you can’t find anything below 190% of original price. Many people travel to US just to buy stuff because it is already so heavily taxed. The price difference for a single iphone already pays for 2 plane tickets (which can be cheaper than travelling nationally depending on destination, given the demand)
Brazil has a tariff for decades and now cries wolf
Brazilian tariffs are actually smaller than the ones the US imposed. The reason you can’t find anything below 190% of the original price isn’t just the tariffs.
That said, yeah, they are already too large.
