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Nov 20 (Reuters) - U.S. President Donald Trump on Thursday removed his 40% tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July to punish Brazil over the prosecution of its former president, Trump ally Jair Bolsonaro. The move follows a similar order by the administration last Friday to remove tariffs on several... Continue Reading →
Sept. 2 (foreignaffairs.com) In April, when Donald Trump announced his “Liberation Day” tariffs on dozens of countries, Brazil emerged largely unscathed. Brazilian exports to the United States became subject to ten percent levies, the baseline rate, escaping the debilitating tariffs applied to the goods of some U.S. allies. In late July, however, Trump declared that... Continue Reading →
Aug. 29 (Reuters) -Brazil plans to announce a tax incentive plan in early September aimed at attracting foreign tech companies to build data centers in the country, two economic policy officials told Reuters. The sources, who requested anonymity to discuss the confidential plans, said the "Redata" program is designed to build goodwill with big tech... Continue Reading →
Aug 28 (Reuters) - Brazil's Foreign Ministry has ordered trade body Camex to start analyzing whether a local reciprocity law could be used against the United States after U.S. President Donald Trump imposed steep tariffs on several goods from the South American country. The law, passed earlier this year by Brazil's Congress, establishes a legal framework... Continue Reading →
Aug 21 (Reuters) - The U.S. Commerce Department said on Thursday it has opened a national security investigation into the import of wind turbines and components. Earlier this week, the department said it was adding wind turbines to a list of products that will face 50% tariffs on the aluminum and steel content. The "Section 232" investigation,... Continue Reading →
July 30 (Reuters) - The U.S. on Wednesday imposed sanctions on a Brazilian Supreme Court justice overseeing the trial of former President Jair Bolsonaro, accusing the judge of authorizing arbitrary pre-trial detentions and suppressing freedom of expression. Justice Alexandre de Moraes has presided over the criminal case against Bolsonaro, who has been charged with plotting a... Continue Reading →
July 30 (Reuters) - Energy companies operating in Brazil are expected to resume oil shipments to the United States after several oil products were exempted from U.S. tariffs, the head of Brazilian oil lobby group IBP told Reuters on Wednesday. Oil is Brazil's top export to the U.S. and was exempt from the 10% April... Continue Reading →
July 30 (Reuters) - U.S. President Donald Trump threatened Brazil with 50% tariffs this month, venting his anger over the country's prosecution of his political ally, former President Jair Bolsonaro, but the move may provide ammunition to plaintiffs aiming to bring down the centerpiece of the White House's tariff agenda. Trade law experts and plaintiffs in... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday. Although oil and gas exports make up a hefty share of Brazil's exports to the United... Continue Reading →
(Reuters) - Brazil has logistical and commercial flexibility to preserve the competitiveness of its oil on the international market if the 50% tariff announced by U.S. President Donald Trump on Wednesday comes into effect on August 1, experts told Reuters. Oil is the main product on Brazil's export list to the U.S. and until now was exempt... Continue Reading →
Brazil Energy Insight 