WASHINGTON, DC - The following statement is attributable to Neil Herrington, U.S Chamber Senior Vice President for the Americas, following the U.S. Trade Representative's announcement of plans to impose 25% tariffs on Brazil:
“The U.S. Chamber of Commerce is deeply concerned about the recent announcement by the U.S. Trade Representative of its intent to impose 25% tariffs on Brazil, which quickly prompted threats of retaliation from the Brazilian government. It’s precisely the damaging escalatory spiral we’ve warned since the outset of the Section 301 process could have far reaching negative implications for American businesses, workers and supply chains.
"We therefore reiterate our longstanding request that the two governments use the Section 301 process to negotiate in good faith to address persistent bilateral trade challenges in areas such ethanol market access, digital trade and intellectual property protection.
"An escalation risks undermining the mutually-beneficial economic partnership both countries have built. This is precisely why, on July 9, U.S. and Brazilian business communities jointly proposed a negotiating agenda outlining a concrete, two-step approach to resolve ongoing trade challenges and unlock the vast potential of the bilateral relationship. The Chamber stands ready to support that effort as meaningful negotiations and de-escalation remain the most effective path forward for businesses, workers, and consumers in both countries.”
