Industry representatives affected by 50% tariff evaluates that there is no justification for measure against Brazilian products
Entities from various sectors of the Brazilian economy have commented on that of US President Donald Trump (Republican Party) to impose a 50% tariff on Brazil’s products. In general, the associations demonstrate “concern” with the measure. Trump’s decision was reported on Wednesday (9.Jul) in one on the social network Truth Social.
CNI (National Confederation of Industry) stated, in a note ( – PDF – 310 KB) that the initiative “It was received with concern and surprise”. Argues that the Brazilian government must have as a priority “Intensify negotiation” with the White House.
“There is no economic fact that justifies such a measure, raising tariffs on Brazil from floor to ceiling. The impacts of these tariffs can be serious for our industry, which is very interconnected to the American productive system. A break in this relationship would bring many damage to our economy”declared Ricardo Alban, president of CNI.
The entity that represents Brazilian industry also spoke about the diplomatic relationship between the 2 countries. “Brazil and the United States support a robust, strategic and mutually beneficial economic relationship based on 200 years of partnership”he declared.
The president of (Brazilian Agency for Industrial Development),, told the Poder360 that the measure is a “Great aggression to Brazil”.
(Brazil’s Foreign Trade Association) stated that the measure came with “Undishable surprise and indignation”. The entity’s president, José Augusto de Castro, said Trump’s decision “Politics with economic impact of great ballast”.
“It is certainly one of the highest taxes to have ever been subjected to the history of international trade, only applied to the worst enemies, which has never been the case with Brazil. In addition to the difficulties of trade with the United States, the announcement of the White House can create a negative image of Brazil and generate fear in importers from other countries to close business with our companies.”he said.
The (parliamentary front of agriculture) also expressed “concern” with Trump’s decision. “The new rate produces direct reflexes and affects national agribusiness, with impacts on the exchange rate, the consequent increase in the cost of imported inputs and the competitiveness of Brazilian exports.”he declared.
The front that brings together congressmen from the agricultural sector said defended “A firm and strategic response: it is time for caution, sharp diplomacy and active presence of Brazil at the negotiating table.” Stressed that it was necessary “Strengthen bilateral negotiations without isolating Brazil to negotiations”.
A (Brazilian Association of Meat Exporting Industries) stated that the increase in tariffs on products in Brazil “It represents an obstacle to international trade and negatively impacts the production sector of beef. ”
The entity that represents some of the main companies that export beef said that it is willing to contribute to the “dialogue”.
“Abiec reinforces the importance that geopolitical issues do not become barriers to global supply and guarantee of food security, especially in a scenario that requires cooperation and stability between countries.”he said.
The president of (Brazilian Association of Plastic Industry), José Ricardo Roriz, said the taxation represents a “Hard blow to the Brazilian business environment”And argued that the US market is “strategic” for Brazil.
“Export to the United States means competing at a high level and accessing one of the most demanding and well -paid markets in the world. These are companies that invest in technology, in quality and support better remuneration jobs. A 50% rate makes this type of operation virtually unfeasible, directly affecting the revenue, profitability and quality jobs of these companies.”he declared.
