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Brazil plans to cut import taxes on foods like sugar, coffee, and beef to combat rising inflation.
Brazil's government plans to eliminate import taxes on key food items like sugar, coffee, corn, and beef to lower food prices.
The measures, announced by Vice President Geraldo Alckmin, aim to address rising inflation and food costs, which have contributed to a decline in President Lula da Silva's approval rating.
The policy also includes raising the palm oil import quota to 150,000 metric tons and is expected to take effect soon, pending government trade body approval.
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Brasil planea reducir los impuestos a la importación de alimentos como el azúcar, el café y la carne de vacuno para combatir la creciente inflación.