Five types of bars and tubes had their import tariffs increased in Brazil, following a reduction in 2022.
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The Brazilian government raised the import tariff from 3.8% to 10.8% for 24 months to stimulate the local industry.
The Arab country increased the import tariffs on a range of products on Sunday (12), including vegetables, sheep, goats and fish.
The Brazilian government will allow coffee, margarine, cheese, pasta, sugar, soy oil, and ethanol to enter the country tax-free. The new policy could help contain inflation.
A set of aeronautical sector equipment can enter the Brazilian market without import tariffs since March 2.
More 118 items to fight coronavirus had their import tariffs reduced, expanding the list of items allowed to enter the Brazilian market without incurring in taxes.
