Brazil scraps tax on small parcels as Chinese platforms lose US and EU access

Brazil has eliminated its federal import tax on small overseas parcels. This move means that Brazilians will no longer pay a tax on low-value items such as shirts, electronics, and kitchen gadgets shipped from abroad. The tax was seen as a way to collect revenue, but it proved unpopular among voters ahead of the upcoming presidential election.

Why it matters

Brazil's move to scrap the tax on small parcels could boost imports from Chinese platforms. This comes as the US and EU restrict access to their markets for these platforms.

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