Os USA put in force at dawn on Wednesday (12) 25% tariffs to Steel and Aluminum Importswithout exceptions or exemptions.
The evaluation of analysts heard by CNN It is that, at the moment, the direct effect to the Brazilian economy should not be so expressive.
representing a slice of almost 15% of US purchases commodities.
Canada – which has also been the target of specific tariffs by the neighbor – leads with just over 24%.
“Brazil has the lowest direct and indirect exposure to US tariffs, an advantage of being a very closed economy,” Bank of America wrote in a report.
Following the same line, Moody’s points out that only tariffs on steel and aluminum should not have great repercussion to Brazil.
“Steel products represent less than 1% of total exports to Mexico and just under 5% for Brazil. Despite its importance in steel, none of the countries are a major aluminum supplier for the US market, ”says the risk classification agency.
“Although tariffs are painful for local steel producers – Mexico sends almost 90% of their steel exports to the US, while the US is the destination of just under 50% of Brazilian steel exports – we do not expect major impacts throughout the economy,” the institution wrote.
For the risk classification agency, the “most worrying” for the Brazilian economy will be the indirect impact coming from the broader deceleration of Chinese and global economies.
“Brazil boasts the entire basket of commoditiesfrom industrial metals to agricultural products and even oil, with exports of iron ore and metals accounting for about 15% of total exports in Brazil, ”he said.
“While the US is the most important export market in Brazil for steel, most of the Brazilian steel production is intended for domestic consumption. It is not absurd to think that exports of steel with prices outside the US could find a home elsewhere. ”
Other threats from Trump
In addition to tariffs on steel and aluminum, Brazil was threatened by the commercial policy of US President Donald Trump previously.
The Republican had already quoted the country nominally when mentioning.
To promote what it evaluates as a fair and reciprocal trade, the US president owes his business partners.
When he announced that his office would work to define reciprocal tariffs, Trump also cited directly to Brazil, aiming specifically in.
The most drastic case for Brazilians was the threat that the US President repeatedly made against BRICS members.
One of the guidelines debated by the emerging group is a. If they follow these discussions ,.
If the Republican comes with everything up to Brazil, Moody’s estimates the average effective tariffs applied by the US to Brazilian products should jump from 1% to 2% to almost 10%.
Repercussion in Brazil
Still, Brazilian sectors express their concern about commercial barriers.
When Trump signaled the tariffs on steel and aluminum in February ,.
On Tuesday (11), the entity said it maintained the position.
Meanwhile, the Brazilian government tries to approach US management to align possible exceptions and agreements.
After a first contact with US Secretary of Commerce, Howard Lutnick, and US commercial representative Jamieson Greer, Vice President and Minister of Development, Industry, Commerce and Services, Geraldo Alckmin (PSB) ,.
The vice presidency of the Republic continues to try to align one.
Meanwhile, the governments of Brazil and the United States created one, according to Itamaraty.
Amid discussions, sources heard by CNN They claim that the Lula government.
If negotiations with the White House do not advance, petista management evaluates signing one.
With information from Alice Groth, Daniel Rittner and Vitória Queiroz, from CNN
