Chamber and Senate approved a bill that allows retaliation of Brazil; Economists say tariff can bring advantages, but Lula condemns American protectionism
For Brazilian products imported by the United States starts to apply from 1am this Saturday (5.ab.2025). The measure was announced on April 2 by US President Donald Trump (Republican Party).
The decree with the rules determines that rates are not cumulative in some items. That is, they do not focus on the rates already determined for specific products – as OS. Here are the full in (PDF – 238 kb) and (PDF – 239 kb).
The US is the 2nd largest destination of Brazilian sales to other countries. The companies that export there will now have to pay more.
The percentage for Brazil was below what was charged to other nations. China (34%) and European Union (20%) will have a greater weight. The Asian nation already with a new rate of the same magnitude.
CLIE to read how the percentages were for each country.
Potential of advantage
Economists saw the percentage to Brazilians with a certain optimism. There were a competitive advantage that could lead to greater foreign trade in the world’s largest economy and other countries.
A He published a report on Thursday (3.abr) in which he analyzes the scenario. Investment Broker said the balance was “positive” for Brazil.
According to the document, commodity exporting sectors such as agribusiness may benefit from a trade war, and expects an increase in Chinese investments in infrastructure in Brazil and Latin America.
“The tariffs imposed on Brazil were milder than those directed to other countries. However, they remain relevant risks, such as the base tariff of 10% on all imports, which can affect important products exported to the US.”says the text. This is a (PDF – 509 kb).
Lula government in the opposite
The president (PT) and allies saw Trump’s measures with more pessimism. Overall, they say they are advocates of multilateralism. Read some of the main reactions:
- Lula – On April 3 that Brazil will respond to any attempt to impose protectionism that “It doesn’t fit today in the world”;
- Ministry of Development, Industry, Commerce and Services – The decision of the US government. He said in a statement that the measure “violates commitments” from the US country with the World Trade Organization (WTO) and will impact all Brazilian exports of goods to the country.
- Jorge Viana – The President of (Brazilian Export and Investment Promotion Agency) Do not see advantages for Brazil with the tariff policy initiated by the United States.
The National Congress also reacted to the measures. The House and Senate the bill authorizing Brazil to adopt tariff and environmental reciprocity in trade with other countries.
Economics and Markets
Tariffs should make imports out of the United States. The price will be passed on to the consumer. At least in the short term, inflation is expected to increase US soil because of the measure.
Market indices already react to the trade war. European and US bags fell over the week after the tariff. In Brazil, Ibovespa also ended in fall.
Read the variation of the indices:
The dollar had ended the day on Fort on April 3, the day after the date the tariffs were released. It turns out that the US currency reversed the movement and on Friday (4.abr) with the retaliation of China, closing the day to R $ 5,836.
Here’s the trajectory:
AS TARIFAS DE TRUMP
Trump defends the taxation of other countries since their election campaign in 2024. According to him, the United States give benefits to other nations when it comes to foreign trade. The goal is also to boost local industry by restricting competitiveness.
Measures for imported cars were announced on March 26. They will be placed that sell vehicles to the US.
Additional Tributing for Steel and Aluminum . The value is also 25%.
The impact on the Brazilian supplier can be significant because the US is the largest steel buyer in Brazil and the 2nd largest aluminum.
One that taxation can reduce Brazilian exports by up to $ 700 million. The IPEA (Institute of Applied Economic Research) of US $ 1.5 billion.
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