What Brazil’s Tariff Changes Mean for U.S. Manufacturers
After decades shielded by closed economic policies, Brazil is changing its course on trade. President Jair Bolsonaro’s administration is slashing import tariffs on more than 2,300 products — reducing some to zero from as much as 20%.
For local businesses accustomed to protectionism, the policy change means being forced to adapt to the challenges of free trade. For American manufacturers, however, the world’s eighth-largest economy just became a new opportunity.
By Shelagh Dolan via ThomasNet