Brazil avoids major tariff hike after last-minute U.S. exemption

Brazil’s president scored a key victory Wednesday after the White House eased tough penalties on Brazilian exports, avoiding a potential trade clash between the two countries. Important products like Embraer’s passenger jets and orange juice were spared from a big tax hike, staying at the current 10% duty instead of jumping to 50%. The change, […]

Source: cryptopolitan.com (Read Full Article)