📦 Duty calls

On Monday, July 6, the Office of the US Trade Representative (USTR) holds a public hearing on whether to impose a 25% tariff on a broad swath of Brazilian goods. It is the hearing stage of the Section 301 investigation Washington opened a year ago, on alleged unfair trade practices (click here to see the USTR's grievances) — the final procedural step before a decision the Trump administration must make by July 15.

After the Supreme Court struck down key parts of Donald Trump's trade agenda in February, the administration fell back on a flat 10% global tariff, which a panel of federal judges then ruled unlawful. Duties grounded in Section 301 — a statute built to punish trade practices deemed…

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