Event Brief
May 12, 2026 at 8:04 PM ET
Lula scraps import tax on goods worth $50 or less
By The BriefBrief
Brazilian President Luiz Inacio Lula da Silva scrapped a tax on imports valued at $50 or less ahead of the election.
WHO: Luiz Inacio Lula da Silva
WHAT: Scrapped the import tax on goods valued at $50 or less
WHEN: May 12, 2026 at 7:30 PM ET
WHERE: Brazil
WHY: The change was made ahead of the Brazilian election.
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