Brazil reverses import tax decision
The Brazilian government has reversed part of its recently announced import tax increase following significant pressure from the business sector. As of 1 March, tariffs on 105 products, primarily capital goods, IT, and telecommunications equipment, were reduced to zero. Additionally, tariffs on another 15 IT products, including notebooks and smartphones, will revert to their previous levels. This decision comes after a review of the initial tax hike announced in early February, which affected approximately