Two days from the tariff, the Finance Minister does not rule out going to Washington alongside the vice president to discuss the measure imposed by the US on Brazilian products
The Minister of Finance, announced on Wednesday (30) that negotiations with the United States government about increased tariffs on Brazilian products are progressing. Together with the vice president Haddad is considering a trip to to discuss the issue directly with US authorities. However, experts on the subject believe that this trip should have occurred shortly after the announcement of the tariff increase by President Donald Trump. With the new rate of 50% about to come into force, there are concerns that actions by Brazilian authorities may be ineffective. Hope lies in Trump’s unpredictability, which has already granted more time to other countries in similar situations.
Meanwhile, the Brazilian financial market is in the waiting measure. Although the stock exchange has been corrected, it still does not completely reflect the potential impact of a 50%tariff. The dollar has also risen, but not extraordinaryly, suggesting that investors are awaiting a more concrete solution. It is expected that the fare can only be applied to a few specific products. Otherwise, if the rate was widespread, the financial market would probably react more negatively, with a significant high dollar and a sharp drop in the stock market.
*With information from Roberto Nonato and Soraya Lauand
*Report produced with the aid of AI
