Over the span of nine days, the United States imposed two tariff actions on Brazil. The first, announced on July 15 and in effect since July 22, imposed a 25 percent duty on most Brazilian goods under Section 301 of the Trade Act of 1974, following an investigation into Brazilian “unfair trade practices.” The second, effective July 24, added 12.5 percen…
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No country has ever used an export tax as a weapon in a trade war. Brazil holds the best hand to be the first, and the US Constitution forbids Washington from answering in kind.
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