The Countries That Trade Sanctioned Russian Goods Are About to Get A Wallop in Tariffs

via TupiReport, TG

With new legislation moving forward with broad support in the U.S. Congress, countries that trade sanctioned Russian goods will be punished with secondary tariffs of 500%.

The legislation is expected to pass the Senate almost unanimously in the coming weeks.

Brazil, China, and India are among the main targets of the legislation.

What Most Do Not Know

Brazil already has tariff percentages in the triple-digits (100s), and for high-demand items the tariffs will hit 4 digits (1000s).

On average, before the tariffs, buying a product in Brazil is comparable to buying 2,3 or 4 of the same in the USA.

Conservative example: a Delonghi coffee machine, which is priced at $665 in the USA (Amazon), is priced in Brazil at R$5700, or approximately US$1036…