Action: The Administration announced the initiation of an investigation into Brazil under Section 301 of the Trade Act of 1974, marking a significant escalation in trade tensions between the two countries. The investigation will examine whether certain acts, policies, and trade practices of Brazil are unreasonable or discriminatory and whether they burden or restrict US commerce. The President used a letter to the Brazilian government threatening a 50% tariff beginning August 1 to direct the US Trade Representative (USTR) to initiate the investigation.Trusted Insights for What's Ahead®
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