digital trade

US Imposes 25% Tariffs on Brazil for Alleged Unfair Trade

Following a yearlong investigation, the United States will impose a 25% tariff on certain Brazilian imports, citing unfair trade practices that harm American interests in digital trade, preferential tariffs, and market access. The tariffs, set to take effect on July 22, stem from conclusions by the USTR that Brazil has not negotiated in good faith. While exemptions exist for specific goods, the US remains open to further negotiations to resolve these trade disputes.

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Carney Leads Anti-Trump Alliance to Reshape Global Trade

Amidst ongoing disagreements among its 166 members regarding permanent tariff-free status for e-commerce and digital trade, the WTO faces a critical juncture. On the sidelines of the MC14 conference in Yaoundé, the EU and the CPTPP bloc are set to propose a strategy to either salvage the existing organization or establish a new trade order. This initiative, bolstered by recent calls for reform and potential mediation between key economic players, aims to empower the WTO to make decisions and advance global trade initiatives.

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