"Brazilian president, Jair Bolsonaro tweeted on Sunday, June 16th, that his government is analyzing reducing import duty on technological products. According to him, the reduction will be 4% from 16% currently, mainly to stimulate the competitiveness of technology innovation in Brazil. Next day, the Brazilian Association of Electrical and Electronics Industry (Abinee, in the Portuguese acronym) published that reducing import taxes would create legal uncertainty, and hurt investment decision in Brazil. Import taxes in Brazil are only a small part of the overall tax scheme imposed on imported technology products. More than 85% of the duties are regional taxes, which central government cannot change much. The reduction of 12% in taxes might only have a partial impact on the final price. But the Brazilian technology market, especially the smartphone segment, has been overprotected, and not competitive enough." – Tina Lu