The White House announced on Nov. 20 that the additional 40% tariff applied to Brazilian beef imports would be removed.
In an executive order, President Donald Trump wrote, “After considering the information and recommendations these officials have provided to me and the status of negotiations with the Government of Brazil, among other things, I have determined that it is necessary and appropriate to modify the scope of products subject to the additional ad valorem rate of duty imposed under Executive Order 14323.”
The new order was backdated to Nov. 13, and the administration will issue refunds for tariffs collected on imports since that time. The announcement came a day after the administration announced reciprocal trade agreements with Argentina, Guatemala, El Salvador and Ecuador.
As part of a separate action, a week earlier, Trump dropped the 10% reciprocal tariff on a list of Brazilian goods. This puts Brazil back at its “other country” 26.4% over-quota tariff through the end of the year.
