Markets

Brazil requests WTO consultations over US tariffs

  • The request is related to tariffs ​of 25% imposed by the US on ​imports of some Brazilian goods for alleged unfair trade practices, and up to 12.5% tariffs on goods from ​dozens of nations
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SAO PAULO: Brazil has requested consultations ‌with the US 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 US 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 US obligations under the WTO’s “General Agreement on Tariffs and Trade 1994” and “Understanding on Rules and Procedures Governing ​the Settlement ​of Disputes”.

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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.