Those by President Donald Trump’s government brought uncertainties and concern to the oil and gas sector, which represents 17% of the country’s industrial GDP and generated $ 44.8 billion in export in 2024.
In a statement, the Brazilian Institute of Petroleum and Gas (IBP), the main spokesman in the area, said it defends the dialogue between the leaders to reverse the percentage of the rate.
Diplomatic solution
For IBP, it is necessary to preserve institutional stability and commercial flow between the two countries. “IBP defends open dialogue between Brazilian and American leaders in order to find a diplomatic solution to this issue and preserve institutional stability and commercial flow between the two largest economies on the continent,” the institution says.
Gross oil is today the main item on the US export agenda. The sector generates 1.6 million direct and indirect jobs in the country, according to the IBP.
Between 2021 and 2023, net exports of oil reached US $ 92.7 billion in revenues for the country, also according to the entity.
“We cautiously evaluated the real impacts on investments and competitiveness of our industry, which has over 40,000 companies operating directly in Brazil,” says the note.
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The White House states that the goal of the fare is “to correct imbalances”, although the US closed 2024 with a surplus of $ 7.4 billion in the balance of goods with Brazil.
