Reported 7 months ago
A newly approved import tax of 20% on low-cost purchases up to $50 in Brazil is set to provide some immediate relief to struggling retailers in the country, aiming to combat competition from Asian fast-fashion players expanding in the region. Referred to as the 'crop-top tax,' the measure will benefit middle-income apparel retailers and e-commerce companies but may not fully address the challenges faced by domestic brands in the long term, as described by industry analysts.
Source: YAHOO