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What Brazil’s 50% Tariff Means for Maryland
24 Articles
24 Articles
Local 3 News
noticiasya.comThe 50% tariffs on Brazilian products announced by President Donald Trump's administration went into effect Wednesday, a situation seized upon by the Chinese embassy in Brazil, which sent a new message…
State Roundup: Tariffs on Brazil to hit Maryland imports; SNAP cuts loom over grocers, hundreds of thousands of Marylanders
50% TARIFFS ON BRAZIL TO DRIVE UP COST OF PRODUCTS TO MARYLAND: Brazil, the 10th largest importer for Maryland, gets slapped with a whopping 50% effective tariff starting today, a move that will drive up the price of coffee, beef and fruit. Maryland imports about $1.1 billion each year from the South American country. A majority of those goods are sugar and confectionery products, fruit and tree nuts, certain metals, and agriculture, constructio…
The 50 per cent tariff on Brazilian products came into effect on Wednesday at 00:01 a.m. (0:01 a.m. Eastern time), seven days after US President Donald Trump signed the decree.
The entry into force of the 50% customs surcharge imposed by the United States on Brazil this Wednesday illustrates a growing tension between Washington and Brasilia around the judicial fate of former President Jair Bolsonaro, accused of an attempted coup d'état after his defeat in the presidential election of 2022. Brazil intends to react well to resist economically.
Almost nothing is certain in the tariff war promoted by Donald Trump. The next 96 hours will be critical in the future of Brazilian coffee exports. President Lula, at a very low diplomatic peak with Washington, will have to give way if he wants to avoid the announced increase in customs taxes of 50% to the products of the South American country. An incalculable macazo to the world’s largest producer of grain in its Arabic variety. Meanwhile, Col…
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