Brazil requests WTO consultations over US tariffs
Tweet
Share
E-mail
Brazil's President Luiz Inacio Lula da Silva and Vice President Geraldo Alckmin attend a ceremony to sign into law a bill establishing a line of credit for companies affected by new tariffs imposed by the U.S. government, at the Planalto Palace in Brasili
SAO PAULO, July 27 (Reuters) - Brazil has requested consultations with the U.S. under the World Trade Organization's dispute settlement system over tariffs announced by the Trump administration this month, the Brazilian Foreign Relations Ministry said in a statement on Monday.
The request is related to tariffs of 25% imposed by the U.S. on imports of some Brazilian goods for alleged unfair trade practices, and up to 12.5% tariffs on goods from dozens of nations, including Brazil, linked to allegations of lax enforcement of forced labor bans.
Brazil said the measures are "unjustified and inconsistent" with U.S. obligations under the WTO's "General Agreement on Tariffs and Trade 1994" and "Understanding on Rules and Procedures Governing the Settlement of Disputes".
The government of President Luiz Inacio Lula da Silva had already said it would take the matter to the WTO. It took similar measure last year following a previous round of Trump tariffs, which were later struck down by the U.S. Supreme Court.
(Reporting by Andre Romani in Sao Paulo; Editing by Tom Hogue and Natalia Siniawski)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll
- Asian chip stocks slide as China competition fears rattle AI trade
- J&J reaches sweeping talc deal that could end decade of litigation
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
