Trump Signs Order Exempting Some Brazilian Agricultural Products from 40% Tariffs

BlockBeats News, November 21st, the White House of the United States issued a statement announcing that President Trump has signed an order to modify tariffs on certain agricultural products from Brazil. Trump stated that in July of this year, he signed an executive order to impose an additional 40% ad valorem tariff on specific goods from Brazil.

Subsequently, in October, he negotiated with Brazilian President Lula and received supplementary information and suggestions from various officials. In the view of the officials, due to the initial progress in negotiations with the Brazilian government and other related factors, certain agricultural imports from Brazil should no longer be subject to the additional ad valorem tariff.

After considering the information and suggestions provided by these officials, as well as the negotiation situation with the Brazilian government and other factors, Trump believes it is necessary and appropriate to modify the scope of products subject to the previously imposed additional ad valorem tariff through the executive order. Therefore, in his latest decision, certain agricultural products will not be affected by the additional ad valorem tariff imposed by the previous executive order, and the new adjustment will apply to goods entering the U.S. after November 13th. (FXStreet)