Brazil dismisses EU tariff cut offer as 'propaganda'
(GENEVA) - The European Union offered Monday to make deeper tariff cuts on agricultural imports in order to spur progress in deadlocked trade talks, but the move was quickly dimissed by Brazil as "propaganda." "We're in a position to raise our average tariff cuts from 54 percent to 60 percent," EU trade spokesman Peter Power said. "This is a very considerable advance and it is a very substantial improvement and should inject important momentum into discussions in Geneva this week."