Donald Trump announced on Wednesday (2) the implementation of reciprocal tariffs on various countries, as a result aims to strengthen the American industry. Brazil was included in the list receiving a rate of 10%, considered by CNN International Analyst Fernanda Magotta as “less worse than imagined.”
Reciprocal tariffs, described by Trump as “discounted”, aim to boost strategic sectors of the US economy, with an emphasis on the auto industry and technological competitiveness. The US president also mentioned benefits to the agricultural sector.
Impact on Asian countries
According to Magotta, the countries most affected by the measure will be the Asian nations, which “should feel the effects harder.” Trump specifically quoted Thailand, Vietnam and Japan among countries that will face greater tariffs.
The US president spared no traditional allies, stating that measures apply to “friends and enemies.” In this context, he mentioned the European Union and Australia, indicating that frustration with allies is sometimes even greater.
Situation of Brazil
Brazil appears in 15th place in the list of affected countries, with a 10%rate. Magotta points out that this percentage corresponds to the “minimum base used by the US government in this announcement”, which can be interpreted as a relative relief for the Brazilian export sector.
It is important to note that Trump did not make specific comments about Brazil during the announcement, which is being seen positively by Brazilian diplomats and entrepreneurs. However, there is still uncertainties about how these tariffs will be applied in practice.
Both Itamaraty and the Brazilian business sector await clarifications on the exact form of application of new tariffs. It is unclear whether the 10% will be applied to existing tariffs or will be added to a 10% overall fare that was already under discussion.
The White House is expected to disclose a detailed document to clarify the calculation and implementation of these new tariff measures. Meanwhile, the Brazilian productive sector breathes a sigh of relief, considering that the impact could have been more severe.
This content was originally published under analysis: Trump’s rate to Brazil is less worse than imagined on the CNN Brazil website.
Source: CNN Brasil
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