Brazil Set to Impose Retaliatory Tariffs on EU Milk, Tobacco, Footwear, Sunglasses and More
Brazil has notified the World Trade Organization that it intends to put in place $180 million in tariffs on certain goods from the European Union in retaliation for the EU’s steel safeguards. The tariff would apply to certain goods of…
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heading 0402 at 15%, of 0703 at 19%, of 2402 at 11%, of 4202 at 19% or 11%, of 4203 at 11%, of 6403 at 19%, of 8113 at 10%, of 8703 at 19%, of 9004 at 11%, of 9403 at 10%, of 9503 at 19%, of 9504 at 11%, of 9506 at 11%, and of 9614 at 10%. Affected goods include milk, cigars and cigarettes, jewelry, certain motor vehicles, playing cards, sports equipment, garlic, purses, apparel, footwear, sunglasses, wooden furniture and toys. Not all goods within those subheadings would be affected. The amount of the tariffs is equal to the harm Brazil says will result from an EU tariff rate quota on Brazilian steel with an out-of-quota rate of 25%. Brazil may impose the tariffs beginning 30 days after notification, which was dated Feb. 18.