Increase in import taxes is harmful to the country
The Brazilian government has increased import taxes on essential technology and capital goods, citing commercial defense, but the move is largely seen as a revenue-generating measure with detrimental effects on economic productivity.
Haddad Defends Increase in Import Tax and Says Impact on Prices is a 'Lie'
Brazil's Finance Minister Fernando Haddad claims that raising import taxes is regulatory and won't significantly affect prices, aiming to strengthen local industries against foreign competition.
Haddad defends tax increase on imports of over a thousand products: 'protect national production'
Brazil's Finance Minister Fernando Haddad advocates for an increase in taxes on over a thousand imported products, including smartphones, to protect domestic production.
Higher tax on imported cell phones is expected to have little impact on prices in Brazil; main brands already produce in the country
Brazil's government has raised taxes on over a thousand imported products, including cell phones, to boost local industry competitiveness, but most smartphones are already produced domestically.
Deputies approve special tax regime to attract data centers to Brazil
The Brazilian Chamber of Deputies approved a bill exempting import taxes on data center equipment to attract data center companies to the country.
Trump’s new global tariffs kick in at 10% – business live
President Trump's new 10% tariffs on imports have come into effect, following a Supreme Court ruling that blocked many of his previous import taxes.
US Court Invalidates Trump Tariffs: What Would the Refund Process for Collected Money Look Like?
The US Supreme Court has annulled the highest tariffs imposed by former President Trump, raising questions about the refund process for the collected import taxes now deemed illegal.
What will Trump do after losing the license to kill in world trade
The U.S. Supreme Court revoked Donald Trump's ability to impose import taxes freely, which could have notable political implications ahead of the upcoming elections.
Brazil raised import tax on over a thousand products, including smartphones
The Brazilian government has increased import taxes on more than a thousand products, which includes smartphones, aiming to bolster domestic industry despite criticism from importers.
'Brazilian government needs to protect the industry,' says Nissan president while defending taxes on Chinese cars
Christian Meunier, Nissan's Americas president, advocates for Brazil to implement import taxes on Chinese cars to protect the local automotive industry and jobs.
Tax Rate of T-shirts: Federal Revenue Raises Record R$ 5 Billion in 2025, Even with Decline in International Orders
The Brazilian government collected a record R$ 5 billion in import taxes in 2025, despite a decrease in international orders, according to the Federal Revenue Secretariat.
Daily Goods Manufacturer Executive Arrested for Tax Evasion of 120 Million Yen
Tokyo District Public Prosecutors Office arrested executive Lee Kyung-hyun on charges of hiding approximately 471 million yen in income and evading about 128 million yen in corporate taxes through fictitious import transactions.
Car manufacturers' CEOs send letter to Lula against benefits favoring BYD
CEOs of four major car manufacturers in Brazil have sent a letter to President Luiz Inácio Lula da Silva, opposing the extension of tax benefits that had previously eliminated import taxes on disassembled electric vehicle kits, which primarily benefited the Chinese company BYD.