18-March-2026
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Brazil to Cut Tariffs on Capital, Technology Goods in April Where There Is No Domestic Output
18-Mar-2026

Brazil's government will automatically cut import tariffs in April on capital and technology goods affected by a duty hike earlier this year if companies claim there is no domestic production by the end of this month, a senior official said. "This initial process is automatic. A company that submits a request and argues there is no national production will receive the reduction immediately," said Uallace Moreira, industrial development secretary at the Development, Industry and Trade Ministry.

News Source:- https://money.usnews.com/investing/news/articles/2026-03-17/brazil-to-cut-tariffs-on-capital-technology-goods-in-april-where-there-is-no-domestic-output