Preliminary analysis carried out by the National Federation of Industries (CNI) concluded that the US government’s decision to eliminate the 10% so-called “reciprocal tariff” on some Brazilian products applies to 11% of total exports to the country.
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According to the federation, this amount corresponds to 80 items exported to the United States, with a total value of US$4.6 billion in 2024. Three types of orange juice and Brazil nuts are also among the products exempt from the surcharge. The remaining 76 items, including beef and unroasted coffee, will still be subject to a 40% “punitive tariff.”
On Friday (14th), President Donald Trump’s administration announced a list of 238 agricultural products that will be exempt from reciprocal tariffs imposed in April. The announcement also included products such as beef and coffee, which are important in Brazil’s export basket, as well as fruits and nuts.
At the time, President Trump announced a 10% tax on exports from Brazil to the United States, in addition to specific tax rates for several other countries. However, with the application of a 40% “punitive tariff” on Brazilian products, the tax on Brazil rose to 50%. The additional tax rate was related to the trial of former President Jair Bolsonaro, who was convicted by the Federal Supreme Court (STF) of orchestrating a coup attempt after his defeat in the 2022 presidential elections.
In its analysis, the CNI stressed the urgency of eliminating the 40% additional tax rate to avoid putting the country at a disadvantage compared to other countries.
“Countries that do not face this surcharge will have an advantage over Brazil when selling to Americans. It is very important to negotiate an agreement as soon as possible so that Brazilian products can once again compete on better terms in the main destinations of Brazil’s industrial exports,” says the president. Ricardo Alban This was stated in a memo released by the federation.
The U.S. and Brazilian governments have begun talks to review tariffs announced by President Donald Trump in July. On Friday (14th), the Minister of Foreign Affairs said: Mauro Vieiraand by the U.S. Secretary of State. marco rubiowe met in Canada. After the meeting, Vieira said Rubio hinted at the possibility of an interim agreement between the two countries, saying an agreement could be reached by the end of November or early December. However, Brazil’s prime minister did not provide details on what measures would be included in the interim agreement.
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