Americans sued or transformed much more products into the national territory compared to last year. Companies anticipated Trump’s protectionist agenda.
Donald Trump’s reelection as president of the United States has fired the processes of transformation or processing of US products into Portuguese territory.
According to data from the National Institute of Statistics (INE) cited by Tuesday, in the last quarter of 2024 the sending of US products to be processed or transformed into Portugal fired 1600% compared to the same period of 2023.
Is the Trump’s protectionist agenda – with incentives for internal production and the imposition of customs tariffs – in march. Fearing future difficulties associated with these tariffs, US companies anticipated the need to send products for processing in Portugal before protectionist measures had a broader effect on their value chains.
Among the most sent products are vehicles, automotive components, machinery e Electronic Integrated Circuitswith a value of 23.6 million euros – almost three quarters of the total.
The transformation or customization of these products in Portugal Visa add value before the goods return to the USand this type of transaction does not imply a change of property, but the provision of a service.
The weight of this type of transactions in the total imports of Portugal from the United States also fired: it was 1.8 million euros in the last quarter of 2023 to 31.6 million euros In late 2024. This type of trade, which represent services, became greater relevance in international trade, reaching 4.5% of total US imports from the USA Not end of 2024.
Although the amount of Portuguese goods sent for processing in the US was higher (988 million euros), this amount registered a It remains of 48.1% No last quarter of 2024.
