💨 Abstract

Brazil is considering reducing import taxes on ethanol to appease U.S. President Donald Trump and control inflation, according to a report by O Globo. The move aims to secure an exception from the U.S. in its recent 25% tariff on aluminum and steel imports. Brazil hopes to negotiate this as part of ethanol and sugar trade, which usually are negotiated together. The Brazilian government did not immediately respond to a request for comment.

Courtesy: theprint.in

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