Brazil's Vice President Geraldo Alckmin stated that the country stood to gain the most from the new tariff measures implemented by the U.S. under President Trump.
In a recent statement made in São Paulo, Vice President and Minister of Development, Industry, and Commerce, Geraldo Alckmin asserted that Brazil is set to be the most advantaged nation by the tariff changes announced by U.S. President Donald Trump. This assertion comes during an event where Alckmin signed a provisional measure exempting service fees for verifying taximeters, highlighting Brazil's engagement in trade reforms.
The tariffs, which include a global rate of 15% on imports into the U.S., take effect shortly and also encompass a list of exempt items. Alckmin emphasized that the 15% tariff applies universally, suggesting that Brazil's economic ties with the U.S. would benefit significantly from these changes. His remarks reflect not only Brazil's positioning in the global economy but also underscore a strategic opportunity for Brazilian exports.
This announcement follows recent judicial rulings in the U.S. where the Supreme Court struck down parts of the previous tariff regime enforced under the International Emergency Economic Powers Act (IEEPA). Alckmin's comment is indicative of the broader implications of U.S. trade policies on Brazil and opens discussions on how these measures could reshape bilateral trade dynamics, potentially favoring Brazilian agricultural and industrial exports to the U.S. market.
