Brazilian Foreign Minister Mauro Vieira sent a 29-page letter to the United States Trade Representative (USTR), calling recent 25 percent import tariffs on imported pig iron and other steel products "unjustified." 301.
As for specific claims, Vieira said the US Trade Representative has not proven that PIX, a payment system developed by the Central Bank of Brazil (BACEN), harms American companies because it is open to all participants, regardless of nationality.
In response to the claim that Brazil lacks laws, regulations or institutions to combat illegal logging, the document says that funding for relevant agencies has increased and that the charge is based on
Addressing accusations that Brazil is censoring big U.S. tech companies, Vieira said all companies operating in Brazil must obey court orders and could face fines if they don't.
For Brazilian steel and cast iron, U.S. import tariffs could rise to 37.5 percent, potentially making it impossible for those products to enter the U.S. market, where Brazilian cast iron currently accounts for more than 83 percent US market. steel mill supply needs.
Until recently, Brazilian pig iron was exempt from higher import duties because it is needed by the U.S. steel and foundry industries, but that exemption has now been rescinded.
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