Brazil plans levies on US tech firms after Trump steel tariffs, report says

10 hours ago 1

Brazil flagBrazil's Finance Minister Fernando Haddad said the authorities would lone remark connected the substance aft Trump's measures are made official. (Wikimedia Commons photo)

Brazil’s authorities is readying to enforce taxes connected US tech companies if President Donald Trump goes up with his plans to present a 25% tariff connected each alloy imports into the United States, paper Folha de S.Paulo reported connected Monday.    

The South American state is 1 of the largest sources of US alloy imports arsenic good arsenic a apical marketplace for galore large tech companies. According to the report, which cites an unnamed Brazilian authority, firms facing imaginable Brazilian levies see Amazon, Meta Platforms’ Facebook and Instagram, and Alphabet-owned Google.

Brazil’s Finance Minister Fernando Haddad said the authorities would lone remark connected the substance aft Trump’s measures are made official.

“The authorities has decided to remark lone connected factual decisions, not announcements that could beryllium misinterpreted oregon revised,” helium told reporters. “The authorities volition hold for an authoritative determination earlier making immoderate statement.”

A concern ministry authoritative successful 2024 had already floated the thought of a imaginable taxation connected large tech companies successful bid to conscionable fiscal targets successful lawsuit determination was a shortfall successful authorities gross this year.

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