Lula scraps tax on imports under $50 before election
President Lula signed an order to remove taxes on foreign purchases up to $50. The move aims to lower costs for shoppers ahead of the October election.
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Brazil President Luiz Inacio Lula da Silva signed an executive order to eliminate federal taxes on foreign purchases worth up to $50. The move reverses an unpopular levy as Lula prepares for a re-election bid in October. Scrapping the tax lowers costs for low-income consumers using cross-border e-commerce platforms to buy daily essentials.
