Geraldo Alckmin, Brazil's acting president and Minister of Development, Industry, and Trade, stated that the recent increase in US import tariffs from 10% to 15% does not harm Brazilian competitiveness because the rate applies equally to all countries.
In a recent statement, Geraldo Alckmin, the acting president of Brazil and Minister of Development, Industry, and Trade, addressed concerns regarding the increase of US import tariffs from 10% to 15%. He argued that this increase does not negatively affect Brazilian companies' competitiveness. Alckmin emphasized that since the tariff applies uniformly across all countries, Brazil's businesses remain on equal footing compared to their international counterparts. He highlighted specific sectors where the tariff increases have actually resulted in zero tariffs, including fuel, meat, coffee, cellulose, orange juice, and aircraft, framing this as a positive development for Brazilian exports.
Alckmin made these remarks during the Mass for the Launch of the 2026 Fraternity Campaign in Aparecida do Norte, São Paulo, indicating that Brazil is being proactive in addressing trade issues. He expressed optimism about upcoming negotiations led by President Lula, who is set to visit the United States in March. Alckmin highlighted the potential for discussions on non-tariff issues, suggesting that these negotiations could lead to favorable outcomes for Brazilian industries beyond just the tariff adjustments.
Overall, Alckmin's comments reflect a strategic approach by the Brazilian government amidst changing global trade dynamics. While some may view the US tariff increase as a challenge, Alckmin framed it as an opportunity for Brazil to enhance its trade negotiations and maintain the competitiveness of its export sectors in a challenging international environment.
