An executive order from the US government has removed the 40% tariff that was previously imposed on a range of Brazilian goods. This significant policy reversal reflects ongoing discussions between US and Brazilian leaders and aims to address previous concerns regarding censorship and human rights issues.
Brazilian President Luiz Inácio Lula da Silva welcomed the decision, which marks a departure from the earlier tariffs implemented in July 2023. These tariffs were initially introduced by the previous administration, citing concerns about the treatment of conservative voices in Brazil and the perceived censorship of US companies. The actions were particularly directed at figures such as former President Jair Bolsonaro and Justice Alexandre de Moraes, who was targeted under the Global Magnitsky Act due to accusations of human rights violations.
The recent executive order, which comes into effect for Brazilian imports entering the US on or after November 13, 2023, signals a potential reconciliation in the US-Brazil relationship after a period of strained ties. The modifications to the tariffs were discussed during a meeting between President Lula and the current US administration on October 6, 2023. Both leaders agreed to negotiate adjustments in light of information gathered about the situation in Brazil.
The former administration emphasized that this change is essential in addressing the national emergency declared in the original Executive Order 14323. An updated annex to the July executive order outlines the specific Brazilian imports affected by the revised tariffs. This action highlights a strategic shift in the trade and political dynamics between the two nations, suggesting potential mutual benefits and a strengthening of bilateral ties.
President Lula expressed his approval of the tariff removal in a public statement via social media, framing it as a diplomatic victory. He recognized that the lifting of the tariff on select Brazilian agricultural products was a testament to effective dialogue and negotiation. Lula credited the constructive discussions he had with US officials and acknowledged the collaborative efforts of Brazilian negotiating teams, led by Vice President Geraldo Alckmin and Ministers Fernando Haddad and Mauro Vieira.
Lula’s remarks emphasized a commitment to ongoing dialogue with the US, rooted in principles of national sovereignty and the protection of Brazilian economic interests, particularly for workers in agriculture and industry. This sentiment reflects a shared desire to improve relations and underscores the importance of trade between the two countries. The decision to remove tariffs provides a positive outlook for future collaboration across various sectors.
As both nations navigate this new phase in their relationship, the removal of tariffs on Brazilian goods could pave the way for broader discussions on economic cooperation and partnership in addressing global challenges.
