Washington Announces Investigation Into Brazilian Trade Practices, Digital Payment Services

5Mind. The Meme Platform

U.S. Trade Representative Jamieson Greer’s probe comes after Trump threatened 50 percent tariffs on Latin America’s largest economy.

U.S. Trade Representative Jamieson Greer announced the opening of an investigation into Brazil’s “unfair” trading practices on Tuesday.

The commencement of the probe comes a week after President Donald Trump announced 50 percent tariffs on imports from the country.

He said he planned to impose the exceptionally high rate, far higher than the 10 percent levy on goods from most other nations, due to Brazil’s continuing pursuit of a trial against former Brazilian President Jair Bolsonaro for allegedly plotting a coup d’état.

Greer’s investigation will look to determine whether acts, policies, and practices enacted by Brazil—related to digital trade and electronic payment services, such as unfair, preferential tariffs, anti-corruption interference, intellectual property protection, ethanol market access, and illegal deforestation—present an “unreasonable or discriminatory and burden or restrict U.S. commerce,” the Office of the U.S. Trade Representative (USTR) said in a statement.

“At President Trump’s direction, I am launching a Section 301 investigation into Brazil’s attacks on American social media companies as well as other unfair trading practices that harm American companies, workers, farmers, and technology innovators,” Greer said in the statement.

“USTR has detailed Brazil’s unfair trade practices that restrict the ability of U.S. exporters to access its market for decades in the annual National Trade Estimate (NTE) Report. After consulting with other government agencies, cleared advisers, and Congress, I have determined that Brazil’s tariff and non-tariff barriers merit a thorough investigation, and potentially, responsive action.”

Brazil has as yet not given an official response to the announcement of Greer’s investigation; however, after Trump revealed his plan to impose the 50 percent rate on July 9, Brazilian President Luiz Inácio Lula da Silva issued a statement on social media platform X saying that “any unilateral tariff increases will be addressed in accordance with Brazil’s Economic Reciprocity Law.”

In the statement, Lula also said in relation to Trump’s linking of the tariffs to Bolsonaro’s trial, “Brazil is a sovereign nation with independent institutions.”

By Guy Birchall

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.
00:02:22

Young Washington: Movie Review

Sitting in the theater watching Young Washington, I found myself wondering why this story hadn’t been made into a film sooner.
00:02:08

A Movie That’ll Keep You Awake: A Great Awakening

So how does someone (me) who thinks they’ve just seen the greatest movie ever (A Great Awakening), persuade you to watch it?

Ring That Bell

If I could travel back in time to 1776,...

Thoughts On America 250

Before you, American reader, is the honor, blessing, and privilege of celebrating the 250th anniversary of our nation. A nation toward which God has been merciful, shining His great grace.
00:01:39

Citizen Vigilante Delivers the Warning Western Governments Desperately Need to Hear

Citizen Vigilante shows what happens when the state stops defending the native population and shields favored migrant groups while criminalizing native dissent.

Judge Rules Trump Admin Can End Temporary Protected Status for Haitians

The federal court order states that temporary protected status...

US Economy Unexpectedly Loses 23,000 Jobs in July

The U.S. labor market stalled last month as the economy unexpectedly lost jobs, new government data show.

Treasury Department, IRS Unveil New Paid Family Leave Incentives

The U.S. Treasury Dept. announced new guidance expanding incentives for employers to offer paid family leave for children and sick family members.
00:04:57

Fauci Diary Shows Doubts on Effectiveness of COVID-19 Vaccines

Dr. Anthony Fauci and other top government officials worked to prevent messaging about COVID-19 vaccines that they felt was too negative,
00:20:12

Trump Signs Orders to Curb Birthright Citizenship, Target Birth Tourism

President Trump signed two EOs that will restrict automatic citizenship to ​children born in the US because of commercial birth tourism and several other factors.
00:01:20

Blanche Nomination Advances to Senate Floor Vote

The Senate Judiciary Committee on Aug. 3 advanced the nomination of Todd Blanche as U.S. attorney general after he struck a deal with two GOP holdouts.
00:02:00

Clayton to Become Top US Intelligence Official on Monday

Jay Clayton will take over as director of national intelligence (DNI) on Monday, according to a social media post by acting director Bill Pulte.
00:57:09

Trump Imposes 4-Year Tariff-Rate Quota on Quartz Surface Imports

President Donald Trump on Friday signed a proclamation establishing a four-year tariff-rate quota on imports of quartz surface products.
spot_img

Related Articles

Popular Categories

MAGA Business Central