Brazil Says 22% of Exports Still Face U.S. Surcharges After Rollback

Overview

• After imposing additional duties of up to 40–50% in August, the U.S. cut or removed many agricultural surtaxes in mid-to-late November, restoring roughly 200 food items to prior rates.
• Brazil’s development ministry reports that 22% of exports to the U.S. remain under 40% surcharges and 15% face an extra 10%, with the rest either exempt or subject to Section 232 tariffs.
• Vice President Geraldo Alckmin says talks are ongoing and lists instant coffee, grapes, machinery and motors, as well as footwear and apparel, among products still affected.
• The Brazilian government expects Washington to seek concessions before any further tariff relief, though no specific U.S. requests have been communicated.
• FT columnist Gillian Tett highlights the “Taco” — “Trump Always Chickens Out” — label to describe the reversal and credits Brazilian pushback with shifting the outcome.