The resumption of the collection of steel and aluminum import rates, which were suspended by US President Donald Trump, could have a $ 1.5 billion impact on the export of these commodities by the end of this year, ESPM Final Economics expert Jorge Ferreira evaluates.
This projection considers the drop in export until the end of the year with, according to Ferreira. The number may increase over BRICS countries overlap with this rate.
Brazil is the second largest steel exporter for the US market.
Continues after advertising
“There is potential for the value to be greater than $ 1.5 billion. We are still working with this number because of the suspension of the fare between April and June, and considering that exports were well heated in the first quarter, which mitigated the impact of the 50%tariff,” he says.
Contract Review
According to Ferreira, China could absorb our commodity export deficit with the US, despite the cooling of the Chinese economy.
“Since April, when he had the threat of tariffs and subsequent suspension, we are already seeing this contract of contract revision, future commodity price review, in an attempt to relocate international market chains,” he says.
Continues after advertising
“The repriction of future commodity markets and contract review is already occurring. We see reflection in the market with closures of orders with delivery and shorter payment,” says Ferreira.
‘Foam shot’
In the assessment of Daniel Cassetari, CEO of HKTC, Hong Kong -based foreign trade company, the market did not feel the effects of Trump’s measures.
“The price of steel, for example, did not fall, but increased. The sector adjusted, showing that Trump’s actions were ineffective, such as a ‘foam shot’. The Chinese government did not give in to US pressures. In fact, the trend is for Trump’s own retreat, pressed by US industries that depend on Chinese imports,” he says.
Continues after advertising
For him, Trump’s threat strategy, without solid technical basis, end up damaging the American economy, raising inflation, making credit more expensive and stimulating the strengthening of other markets. “When the US imposes barriers, exporting countries look for alternatives – and find it,” he says.
