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President Trump announces additional tariff actions, including Copper products and Brazil imports

by National Marine Manufacturers Association 31 Jul 16:35 PDT
President Trump announces additional tariff actions, including Copper products and Brazil imports © National Marine Manufacturers Association

Yesterday, President Donald Trump announced additional plans to impose new tariff rates on imports from Brazil and semi-finished and derivative copper products. The President also suspended the de minimis exemption for commercial shipments.

The executive order outlines a new 50% tariff rate on imports from Brazil, with enforcement beginning to take place on August 6. Notably, there is an "on-water" exemption for products in transit before August 6. The executive order also outlines an escalation clause that the President will increase the tariff rate should Brazil issue retaliatory tariffs on American-made products.

The announcement on copper comes as a result of a Section 232 investigation into imports, which commenced earlier this year.

Read the full article here...

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