In a statement released on Wednesday, US Trade Representative Catherine Tay said an investigation by the agency concluded that tariffs should be applied to some goods coming from these countries. However, the commitments will be temporarily deferred while the intentional community discusses the matter.
“Today’s actions provide time for these negotiations to continue to progress, while reserving the option to impose Article 301 tariffs if necessary in the future,” he said, referring to legislation on which the government would impose such retaliatory measures. According to her, the country remains committed to a multilateral solution.
At least 10 jurisdictions have been subject to US investigations over the past year into the tax practices of US technology companies. Brazil was included in the list, but investigations around the country were closed without any recommendation for punishment.
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