Oil Exports From Brazil to the U.S. Resume on Tariff Exemption ...Middle East

Crude oil exports from Brazil to the United States are set to resume after the White House granted tariff exemptions for several commodities and products, Reuters has reported, citing Brazilian lobby group IBP. Oil is Brazil’s biggest export commodity to the United States. Earlier this month, President Trump threatened the country with tariffs of 50%, specifically targeting crude oil, accusing the current Brazilian government of persecuting former president Jair Bolsonaro. “If he charges us 50%, we’ll charge him 50%,” Brazil’s…

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