finance
Brazil Rejects U.S. Section 301 Investigation on Tariffs
Brazil stated there is no legal basis for U.S. tariffs on its products and said it has pursued talks with U.S. officials since before the tariff announcement. The country reported more than 30 contacts with U.S. officials seeking a negotiated solution.
Jul 16, 1:32 PM·1m read4 sources
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Brazil rejected a U.S. Section 301 investigation and said there is no legal justification for imposing tariffs on Brazilian products. The statement added that Brazil has held more than 30 contacts with U.S. officials and has been seeking a negotiated solution since before the tariff announcement.
301 Section 301 allows the United States to investigate and respond to foreign trade practices it deems unfair. Brazil's position disputes the legal grounds for applying this process to its exports. The country has continued diplomatic outreach while rejecting the investigation's premise.
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