INTERNATIONAL
Some key Brazilian exports spared from Trump's new 40% tariff
US President Donald Trump signs an order imposing a 40% tariff on Brazilian exports, raising the total to 50% with key exemptions. - REUTERS
US President Donald Trump signed an executive order on Wednesday (July 30) imposing a 40% tariff on Brazilian exports, bringing the country's total tariff amount to 50%. Some of Brazil's major exports, however, were exempted from the tax.
AI Brief
Notable exemptions include products already covered by other specific tariffs, like passenger vehicles, iron and steel products, and a large number of parts and components used in civil aircraft.
Below is a list of the products exempted from the tariff hike:
PRODUCTS ALREADY SUBJECT TO PREVIOUSLY ANNOUNCED SECTORAL TARIFFS
* Iron and steel (raw and derivatives)
* Aluminum products (raw and derivatives)
* Passenger vehicles (sedans, SUVs, minivans, etc.) and light trucks
* Parts for passenger vehicles and light trucks
* Semi-finished and intensive copper derivative products
AGRICULTURAL AND FOOD PRODUCTS
* Brazil nuts
* Orange juice (frozen and not frozen) and orange pulp
CIVIL AIRCRAFT, PARTS, AND COMPONENTS
* Civil aircraft, including airplanes, helicopters, unmanned aircraft (drones), balloons, and gliders
* Aircraft engines (piston, turbojets, turbopropellers) and their parts
* New, retreaded, and used pneumatic tires for aircraft
* Undercarriages and other aircraft parts
* Aircraft seats
* Navigational instruments, radios, and radar apparatus for aeronautical use
* A wide range of other components specified for civil aircraft use
ENERGY AND MINERAL PRODUCTS
* Crude petroleum, various petroleum oils, and fuel products
* Natural gas (liquefied and gaseous)
* Coal and related products (lignite, peat, coke, tars)
* Electrical energy
* Iron ore and tin ores
* Silicon metal and metallurgical grade alumina (aluminum oxide)
* Crude mica and worked building stone
METALS AND METAL PRODUCTS (GENERAL EXEMPTION)
* Nonalloy and alloy pig iron
* Ferroalloys, including ferronickel and ferroniobium
* Tin waste, scrap, oxides, and chlorides
PRECIOUS METALS
* Silver bullion and dore
* Gold bullion and dore
WOOD AND PAPER PRODUCTS
* Various types of chemical and semi-chemical wood pulp
* Sawn or chipped tropical wood
* Paper and paper pulp products
CHEMICALS AND FERTILIZERS
* Various mineral or chemical fertilizers
* A specific list of industrial chemicals, including potassium hydroxide and certain chlorinated hydrocarbons
OTHER GENERAL EXEMPTIONS
* Donations intended to relieve human suffering (e.g., food, clothing, medicine)
* Informational materials (e.g., publications, films, music, artworks)
* Binder or baler twine made of sisal or agave fibers
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AI Brief
- Products like aircraft parts, energy resources, and metals are excluded from the new tariff hike.
- Items such as Brazil nuts and orange juice are also spared from increased tariffs.
- Donations and informational materials are exempt to avoid disrupting aid and communication.
Notable exemptions include products already covered by other specific tariffs, like passenger vehicles, iron and steel products, and a large number of parts and components used in civil aircraft.
Below is a list of the products exempted from the tariff hike:
PRODUCTS ALREADY SUBJECT TO PREVIOUSLY ANNOUNCED SECTORAL TARIFFS
* Iron and steel (raw and derivatives)
* Aluminum products (raw and derivatives)
* Passenger vehicles (sedans, SUVs, minivans, etc.) and light trucks
* Parts for passenger vehicles and light trucks
* Semi-finished and intensive copper derivative products
AGRICULTURAL AND FOOD PRODUCTS
* Brazil nuts
* Orange juice (frozen and not frozen) and orange pulp
CIVIL AIRCRAFT, PARTS, AND COMPONENTS
* Civil aircraft, including airplanes, helicopters, unmanned aircraft (drones), balloons, and gliders
* Aircraft engines (piston, turbojets, turbopropellers) and their parts
* New, retreaded, and used pneumatic tires for aircraft
* Undercarriages and other aircraft parts
* Aircraft seats
* Navigational instruments, radios, and radar apparatus for aeronautical use
* A wide range of other components specified for civil aircraft use
ENERGY AND MINERAL PRODUCTS
* Crude petroleum, various petroleum oils, and fuel products
* Natural gas (liquefied and gaseous)
* Coal and related products (lignite, peat, coke, tars)
* Electrical energy
* Iron ore and tin ores
* Silicon metal and metallurgical grade alumina (aluminum oxide)
* Crude mica and worked building stone
METALS AND METAL PRODUCTS (GENERAL EXEMPTION)
* Nonalloy and alloy pig iron
* Ferroalloys, including ferronickel and ferroniobium
* Tin waste, scrap, oxides, and chlorides
PRECIOUS METALS
* Silver bullion and dore
* Gold bullion and dore
WOOD AND PAPER PRODUCTS
* Various types of chemical and semi-chemical wood pulp
* Sawn or chipped tropical wood
* Paper and paper pulp products
CHEMICALS AND FERTILIZERS
* Various mineral or chemical fertilizers
* A specific list of industrial chemicals, including potassium hydroxide and certain chlorinated hydrocarbons
OTHER GENERAL EXEMPTIONS
* Donations intended to relieve human suffering (e.g., food, clothing, medicine)
* Informational materials (e.g., publications, films, music, artworks)
* Binder or baler twine made of sisal or agave fibers