Subject to quantitative limits specified in U.S. note 8(b)(1); applicable only to specific volumes under tariff-rate quota for certain goods.
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Last updated: 1 year ago
News and Updates
Recent News
U.S. Adjusts Quantitative Limits on Brazilian Imports Under HS Code
The U.S. has revised the quantitative limits for specific Brazilian goods under HS Code as per U.S. note 8(b)(1). This adjustment aims to balance trade flows amid growing imports from Brazil.
October 15, 2023
Impact: This could restrict the volume of certain Brazilian exports to the U.S., potentially affecting Brazilian producers while protecting U.S. domestic industries.
Recent bilateral discussions between U.S. and Brazilian officials focused on the quantitative limits specified in U.S. note 8(b)(1), with Brazil seeking relaxed quotas for key commodities.
September 22, 2023
Impact: If successful, eased restrictions could boost Brazilian exports to the U.S., enhancing trade relations but increasing competition for U.S. producers.
U.S. Imposes Stricter Monitoring of Brazilian Imports Under HS Code Limits
The U.S. Customs and Border Protection announced enhanced monitoring of Brazilian imports under HS Code subject to U.S. note 8(b)(1) to ensure compliance with quantitative limits.
August 10, 2023
Impact: Stricter enforcement may delay shipments and increase compliance costs for Brazilian exporters, potentially straining trade dynamics.
Policy Updates
Update to U.S. Note 8(b)(1) Quantitative Limits for Brazilian Goods
The U.S. Trade Representative has updated the quantitative limits under U.S. note 8(b)(1) for specific HS Code categories from Brazil, effective immediately, to reflect current trade priorities and market conditions.
