BRAZIL HITS EXPORT RECORD TO U.S. DESPITE NEW TARIFF PRESSURES

U.S.–Brazil trade faces heightened tension after President Donald Trump imposed a 50% tariff on many Brazilian products, citing political claims. Despite the hike, Amcham data shows Brazilian exports to the U.S. rose 4.2% from January to July, reaching a record US$23.7 billion, while U.S. imports from Brazil jumped 12.6%, widening America’s trade surplus to US$2.3 billion—a 607.9% surge year-on-year. Key goods like sugar and coffee were hit hardest, though nearly 700 products were spared. July saw accelerated shipments to avoid the new rates, with notable growth in aircraft, pig iron, and petroleum sales. Some sectors, such as sugar and pulp, already face steep declines due to tariffs and competition. No formal talks are planned between Presidents Lula and Trump, but private-sector dialogue is seen as the main hope for easing tensions.
Source: Veja / Datamar News