Brazil Congress ends 20% import tax on sub-$50 purchases, sends to Lula

Brazil's Congress approved a provisional measure revoking the 20% import tax on international purchases up to US$50, known as the 'blusinha tax', which had been in effect since August 2024. The measure now awaits presidential sanction, fulfilling an agreement between President Lula and congressional leaders. The reversal marks a policy shift after prolonged negotiations over sector compensation, potentially boosting cross-border e-commerce but raising concerns for domestic retailers.