How a 50% US tariff rate could affect Brazilian exports
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ReutersRoberto Samora
How a 50% US tariff rate could affect Brazilian exports
U.S. President Donald Trump said he plans to impose 50% tariffs on all products from Brazil starting August 1, which could have a sharp impact on South America's agricultural powerhouse.
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(EN) In 2023, exports of Brazilian sugar reached historic values, according to data from the Ministry of Development, Industry, Trade, and Services (MDIC). Relative to the like-for-like period, overseas sales of this products saw a sharp increase. There was a 15.1% growth in volume and a 43% rise in accumulated revenue (the substantial jump in the latter indicator is also attributed to a 24.2% increase in the average price of sugar). Regarding the type of these goods sold overseas by this South
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