The postponement of and the exemption of about 700 American surcharge products signal a new chapter in trade relations between the two countries. The measure, recently announced, represents a significant change in the scenario that had been drawing to Brazilian foreign trade.
According to Sergio Vale, an Economist at MB Associados, in an interview with CNNtariff changes have been a constant in Donald Trump’s trade policy, and this tendency must persist. It is worth noting that, surprisingly, the first seven months, a situation that was not expected.
Impact on the global economy
The expert evaluates that American protectionist measures may have a counterproductive effect to the United States themselves. “The rest of the world is increasingly looking at the United States as an unconvable partner and will start to market more intensely,” says Vale.
Regarding the recently announced exemptions, the economist points out that the current list of 700 products can be changed in the coming months. THE caféfor example, an important product for the US consumer, and faces worldwide production difficulties, it may be.
Perspectives and Support Measures
Despite the significant impact on specific sectors, it is worth indicating that the general effect on the Brazilian economy should not be so expressive as to change the main macroeconomic projections. The Brazilian government is studying the implementation of one to assist affected companies, but the economist warns of the need for caution in the dosage of these resources so as not to compromise the country’s public finances further.
In the international scenario, it points out that other trade agreements, such as the Mercosul com a European Uniongain even more relevance in the face of American protectionism. “Business agreements are even more vital, we will see not only the agreement between Mercosur and the European Union, but most likely these agreements among other countries will advance over the coming years,” he concludes.
