Brazil, Donald Trump
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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.
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
Petrobras, Brazil's state oil firm, may shift its focus from U.S. markets to Asia and the Pacific due to higher tariffs announced by the U.S. Despite being a significant share of exports, the U.S. market isn't deemed critical by Petrobras,
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
Frozen concentrate orange juice futures have risen about 25% since President Trump said late Wednesday that he would impose 50% tariffs on imports from Brazil starting next month. Orange juice fut
SAO PAULO (Reuters) -The 50% tariff that U.S. President Donald Trump plans to impose on Brazilian exports starting in August could have an impact on the revenues of planemaker Embraer similar to that of the COVID pandemic, its CEO said on Tuesday.
President Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.
Trump threatened a 50% tariff against Brazil, one of the U.S.’s largest suppliers of green coffee beans, starting Aug. 1.
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