In a letter to Brazilian President Luiz Inácio Lula da Silva on July 9, President Trump said his administration would impose a 50% tariff on Brazilian products imported into the U.S., effective 12:01 a.m. ET, Aug. 1
The letter was made public by President Trump through a Truth Social post.
Among criticizing President Lula for the country’s investigations of former Brazilian President Jair Bolsonaro, President Trump said the proposed 50% tariff is “far less than what is needed to have the Level Playing Field we must have with your Country.”
The White House encouraged Brazil to work with U.S. trade agreement negotiators to reach an agreement before the Aug. 1 tariff deadline.
The NCBFAA Customs Committee and Counsel of Sandler, Travis & Rosenberg, P.A., will provide members with additional details related to these tariffs and CBP guidance, as it is received.
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NCBFAA will continue to keep our members updated about the U.S. tariffs through the Monday Morning eBriefing and eblasts, and a dedicated IEEPA Tariffs webpage on our website.
Attention: The Monday Morning eBriefing (MMeB) and other communications of the NCBFAA are the exclusive property of the Association. Unauthorized use by any person or firm which is not a member in good standing is strictly prohibited
