Due to the tariff barriers imposed by Trump, the National Confederation of Industry points out that US GDP could retreat 0.37%, while Brazil should have a lower drop of 0.16%
The recent tariff increase imposed by the Government of It has the potential to trigger significant consequences in the global economy, directly affecting countries such as Brazil. A study conducted by released on Wednesday (16), reveals that, ironically, the which implemented the rates, will also be among the most harmed. Using data from IBGE and other sources, the study foresees a 0.37% drop in US GDP due to new tariff barriers. In addition, Brazil and China may face a 0.16% reduction in its GDP, while the global economy can shrink 0.12%, with a 2.1% retraction in world trade.
In the Brazilian context, tariffs can result in a significant loss of $ 52 billion in exports and the elimination of about 110,000 jobs. Sectors such as the industry of tractors, agricultural machinery, aircraft, vessels and meat producers are among the most vulnerable. CNI pointed out that the most affected states should be São Paulo (falling R $ 4.4 billion in GDP), Rio Grande do Sul (R $ 1.9 billion), Paraná (R $ 1.9 billion), Santa Catarina (R $ 1.7 billion) and Minas Gerais (R $ 1.6 billion). Although the United States is the most damaged, the impact on Brazil is alarming, especially for sectors that depend strongly on exports to the US market.
“The numbers show that this policy is a loser for everyone, but especially for Americans. Brazilian industry has its main market in the US, so the situation is so worrying. It is in the interest of all advancing in negotiations and awareness of the US government of the complementarity of our relationships. Rationality should prevail,” said CNI President Ricardo Alban.
In response to this situation, the Brazilian government, together with the legislature and the business sector, is seeking a diplomatic solution to mitigate the effects of tariffs. Vice President Geraldo Alckmin and Congress leaders are involved in negotiations to find a way out. The union between government and opposition is seen as crucial to facing the crisis. Diplomacy and technical dialogue, led by experts from the Ministry of Finance and Itamaraty, are expected to reverse or mitigate tariff measures.
*With information from Beatriz Manfredini
*Report produced with the aid of AI
