28-February-2026
Corporate News
 
Brazil Partially Rolls Back Import Tax Hike
28-Feb-2026

Brazil's government partially rolled back a controversial increase in import tariffs approved earlier this year, the Ministry of Development, Industry, Trade and Services said on Friday. The move, previously reported by Reuters, citing sources, restores a zero tariff on items that had been taxed after losing exemptions granted under the government's policy to attract data centers to the country. In February, President Luiz Inacio Lula da Silva's administration raised import duties on more than 1,200 capital and technology goods.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-27/brazil-partially-rolls-back-import-tax-hike