MACROBrazil
Government raises import tax on passenger car tires to 30% for 12 months
Gecex/Camex set the import tax on passenger car tires at 30% for 12 months, in an act published in the official gazette on Nov 9.
ThemesTheme
Trade tariffs
Measures that change product entry costs and competitiveness in international trade.
29articles
57material mentions
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Last 90 days
What sources are saying
The lower house approved on November 10 decree 1,379/26, the third edition of the Brasil Soberano Plan, which adds up to R$ 13.5 billion to credit lines for companies hit by US tariffs and international conflicts; the text goes to the Senate, according to Agência Câmara and Estado de Minas.
Updated November 12, 2026 · 27 verified articles
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Why it matters
The effect depends on product, origin, pricing power, margins and sales redirection.
Explanatory mechanism, not a forecast or recommendation.Articles in chronological order
29MACROBrazil
House approves Brasil Soberano 3 decree expanding credit to tariff-hit exporters
The lower house approved on November 10 decree 1,379/26, the third edition of the Brasil Soberano Plan, which adds up to R$ 13.5 billion to credit lines for companies hit by US tariffs and international conflicts; the text goes to the Senate, according to Agência Câmara and Estado de Minas.
MACROBrazil
Brazil sets quota rules to export to Norway at reduced tariffs under the Mercosur-EFTA deal
Brazil's Foreign Trade Secretariat published rules for exporters to access reduced-tariff quotas to Norway under the Mercosur-EFTA deal, with benefits from November 1, 2026, according to Agência Brasil and CNN Brasil. Products include beef and chicken, honey, corn and soybean meal.
MACROBrazil
Brazil exhausts its beef quota in China, and the excess now faces an additional 55% surcharge
Brazil reached its annual beef export quota to China, of 1.1 million tonnes, and shipments above that volume now pay an additional 55% surcharge on top of existing tariffs, according to Bloomberg Línea, Poder360, Correio Braziliense and Gazeta do Povo. China is the main destination for Brazilian beef. According to Bloomberg Línea, the charge applies from October 1, per a statement by the Chinese Commerce Ministry.
MACROGlobal
China cuts tariffs on US corn, wheat and meat, but keeps a 10% surcharge on US soybeans
China announced tariff cuts on US agricultural products such as corn, wheat, meat, dairy, sorghum and oils after the meeting between Donald Trump and Xi Jinping, but kept the additional 10% surcharge on US soybeans. The decision preserves the price advantage of Brazilian soybeans in the Chinese market, although Beijing committed to buy minimum volumes of US soybeans.
MACROBrazil
Lula enacts the Mercosur-EFTA free trade agreement, which takes effect on October 1
President Lula enacted by decree the free trade agreement between Mercosur and the European Free Trade Association, formed by Iceland, Liechtenstein, Norway and Switzerland, which takes effect for Brazil on October 1. The agreement, negotiated since 2017, signed in September 2025 and approved by Congress in June, reduces tariffs and technical and sanitary barriers, eases customs procedures and expands access to government procurement.
MACROGlobal
Trump and Xi meet at the White House and extend the US-China trade truce, while Beijing cuts soybean purchases from Brazil
Donald Trump and Xi Jinping met at the White House on September 23 and 24, the first such meeting in Washington in a decade, and extended the trade truce between the two countries, which according to Bloomberg Línea now runs until January 10, 2027. The sides discussed tariff exemptions and expanded dialogue on artificial intelligence. Ahead of the meeting, China cut purchases of Brazilian soybeans to fewer than five cargoes in two weeks, against about 20 per week in August, and reopened room for US soybeans, with a commitment of at least 25 million tonnes a year between 2026 and 2028.
MACROBrazil
In New York, Lula says he will only apply the Reciprocity Law if there is no deal with the US and likens Trump to an emperor
In an interview with CNN anchor Christiane Amanpour on September 21, on the eve of the UN General Assembly, Lula said Brazil will not apply the Reciprocity Law while it is negotiating with the United States and will only do so if there is no deal on tariffs. He said the tariff hike was based on lies, cited Brazil's trade deficit with the US, denied wanting a tariff war and described Trump's style as that of an emperor ruling by the law of the strongest.
MACROGlobal
Bessent and He Lifeng negotiate AI, tariffs and rare earths in New York ahead of the Trump-Xi summit in Washington
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met on September 20 at JPMorgan Chase's Manhattan headquarters, with Trade Representative Jamieson Greer, to try to close deals on artificial intelligence, tariffs, rare earths and critical minerals ahead of the Trump-Xi summit in Washington this week. The two countries' trade truce expires on November 10, and China's Commerce Ministry said He is leading a delegation of Chinese companies to the consultations.
MACROBrazil
BNDES receives R$ 8.2 billion in Brasil Soberano 3 requests in two days and has already approved R$ 1.7 billion
BNDES received R$ 8.2 billion in credit requests under the third stage of the Brasil Soberano plan in 138 operations filed on September 17 and 18. R$ 1.7 billion has already been approved: R$ 794 million for group 2 (industrial sectors such as textiles, chemicals, pharmaceuticals, strategic minerals and fertilizers), R$ 680 million for group 1 and suppliers hit by US tariffs and R$ 251 million for exporters to the Persian Gulf. Fertilizers account for R$ 683 million. The plan has a R$ 22.6 billion budget, R$ 13.5 billion from the Treasury and R$ 9.1 billion from BNDES.
MACROGlobal
Trump signs Russia sanctions law authorizing tariffs of up to 100% on the largest buyers of Russian oil
President Donald Trump signed on September 18 the Russia sanctions law named after Senator Lindsey Graham, passed by the House on September 16 by 262 votes to 159 and by the Senate 86 to 11. The law imposes mandatory sanctions on Putin, senior officials, oligarchs, state companies and the shadow tanker fleet, and gives the government the power to apply tariffs of up to 100% on the five largest buyers of Russian oil and gas, including China and India, at the White House's discretion.
MACROBrazil
BNDES opens enrolment for the third phase of Brasil Soberano with R$ 22.6 billion for companies hit by tariffs and the war
BNDES opened on September 17 the enrolment protocol for the third stage of the Brasil Soberano plan, with R$ 22.6 billion, of which R$ 13.5 billion from the Treasury and R$ 9.1 billion from the bank. Exporters hit by US tariffs and their suppliers, strategic industrial sectors and exporters to the Persian Gulf affected by the war can apply, with interest of 4.3% to 17.5% a year and a requirement that at least 1% of revenue come from those markets.
MACROBrazil
EU accepts Brazilian sanitary protocols after audit and opens the way for chicken exports to return to the bloc
The Brazilian government received on September 14 official communication from the European Union reporting internal agreement on the sanitary protocols presented after the August and September audit, said on September 16 the executive secretary of the Agriculture Ministry, Cleber Soares. The acceptance opens the way to resume chicken exports, suspended since September 3, but still depends on the detailed protocol from the bloc.
MACROBrazil
Brazil and the US set an in-person meeting on the tariffs on the sidelines of the G20 in Milwaukee on September 30
Development, Industry, Trade and Services Minister Márcio Elias Rosa said on September 14 that Brazil and the United States should hold the first in-person meeting since talks on the tariffs resumed, on the sidelines of the G20 trade ministers meeting between September 30 and October 1 in Milwaukee, with US Trade Representative Jamieson Greer and Foreign Minister Mauro Vieira present. On the table are the 25% surcharge imposed in July on steel, apparel, footwear, sugar, ethanol, pharmaceuticals and farm machinery and the additional 12.5% tariff tied to forced labour allegations, plus the investigations on deforestation and digital payments; the last virtual meeting was on August 31, after the Lula-Trump call on August 21.
MACROBrazil
Lula signs without vetoes the end of the so-called blouse tax, zeroing import duty on purchases up to US$ 50
President Lula signed on September 10, without vetoes, the law zeroing the 20% import duty on international purchases up to US$ 50, originating in Provisional Measure 1,357 of May and approved by Congress the previous week; the 17% state ICMS remains, and the law also zeroes duty on drugs for rare diseases with no domestic equivalent. For shipments between US$ 50 and US$ 3,000, Agência Brasil records a cut in the rate from 60% to 30%.
MACROBrazil
Brazil's exports to the US fall 9.7% through August to US$ 24.1 billion, the lowest since 2023 under the tariff hike
An Amcham Brasil survey using Comexstat data shows Brazilian exports to the United States totalled US$ 24.1 billion from January to August, down 9.7% and US$ 2.6 billion less than in 2025, the lowest for the period since 2023; products surcharged at 25% to 37.5% lead the losses, and in August value rose 12.1% while volume fell 17.3%.
MACROGlobal
Canada's retaliatory tariffs on US$ 20 billion take effect and Trump threatens to bar Bombardier jets from the US
Canadian counter-tariffs of 15% to 50% on about US$ 20 billion (C$ 27.6 billion) of American goods took effect at midnight on September 8, a day after Trump wrote on Truth Social that Bombardier will only sell jets in the US if it builds them there.
MACROGlobal
Copper hits a record US$ 14,533 a tonne on the LME on expectations of US tariffs
The three-month copper contract on the London Metal Exchange rose 0.8% on September 7 to US$ 14,533 a tonne, topping January's record, on expectations that Trump will widen tariffs on refined metal and with inventories concentrated in the US.
MACROGlobal
US adds 162,000 jobs in August, Wall Street falls on rate-hike bets and Trump threatens to cut trade
The US jobs report showed on September 4 that 162,000 jobs were added in August, against a forecast of about 55,000, with unemployment steady at 4.1%, per Bloomberg Línea, Poder360 and Money Times. The S&P 500 fell 0.38% and the Dow Jones 0.51% as bets on a Fed rate hike strengthened, per InfoMoney and CNN Brasil; Trump wrote he would stop doing business with deficit countries if the Fed does not cut rates, per InfoMoney and Bloomberg Línea.
MACROBrazil
Trade balance posts US$ 7.4 billion surplus in August, with exports to the US rising despite tariffs
Brazil's trade balance posted a US$ 7.394 billion surplus in August, the third largest for the month, per Secex/MDIC data released on September 4 and covered by Agência Brasil, g1, Correio Braziliense, InfoMoney and Money Times. Exports to the United States rose 12.1% from August 2025 to US$ 3.19 billion, supported by prices 8.6% higher, while sales to China fell 10.9% and sales to the European Union grew 46.4%.
MACROBrazil
Joint committee approves end of small-parcel import tax; bill heads to Chamber floor
September 4 update: the Chamber and the Senate approved MP 1357/26 on September 3, permanently zeroing the 20% import tax on international purchases up to US$ 50, and the text goes to presidential sanction, per Correio Braziliense, g1, Agência Brasil and Money Times. In the US$ 50 to US$ 3,000 band the rate falls from 60% to 30%, and rare-disease medicines become exempt.
EMPRESASGlobal
Shein debuts in Hong Kong valued at US$ 26 billion after US$ 1.7 billion IPO
Shein debuted on the Hong Kong exchange on September 1 with a US$ 26 billion valuation after raising US$ 1.7 billion in its IPO, per Bloomberg Línea, Brazil Journal, NeoFeed and Gazeta do Povo. The stock opened at HK$ 48.56, fell as much as 10% and closed at HK$ 48.5, per Bloomberg Línea; the value is a fraction of the US$ 100 billion assessed in 2022.
EMPRESASBrazil
Gerdau replaces US$ 875 million credit line with US$ 1.125 billion facility
Gerdau said it will replace its US$ 875 million global revolving credit line with a new US$ 1.125 billion facility, with a five-year term maturing at the end of August 2031, extendable by up to one year, per Money Times and InfoMoney. The unsecured line covers Gerdau, Gerdau Aços Longos, Gerdau Açominas, Gerdau Ameristeel and overseas affiliates.
MACROBrazil
Brazil and US resume tariff talks this Monday
Development Minister Márcio Elias Rosa and US Trade Representative Jamieson Greer meet by videoconference this Monday (31st) at 2:30 pm — the first direct contact between the teams since the US tariffs took effect, per Poder360 and CNN Brasil. The meeting is a resumption, not a decision, the minister said.
MACROGlobal
Trump widens beef imports and targets meatpackers to curb US prices
On two fronts against rising US beef prices, Trump signed a decree temporarily widening beef imports at reduced tariffs — up to 100,000 tonnes per month for 90 days from September 1 — and announced on August 28 that he is preparing measures against large meatpackers, including Brazilian groups operating in the US.
MACROBrazil
Provisional measure extends drawback tax suspensions for tariff-hit exporters
Provisional Measure 1,386/2026, published August 25, extends by up to one year the tax-suspension deadlines of the drawback-suspension regime — import duty, IPI, PIS/Cofins and AFRMM — for exporters hit by US tariffs. The extension covers concession acts expiring between July 22 and December 31, 2026.
MACROGlobal
Canada announces retaliatory tariffs against the US starting September 8
The US-Canada trade conflict became a spiral: to Carney's dollar-for-dollar retaliation set for September 8, Trump responded on August 24 with 50% tariffs on Canadian cars, auto parts and steel from January 1, 2027, announced via Truth Social. The US announcement has not yet become a published formal act.
MACROBrazil
Lula calls Trump, calls tariffs unfounded and asks to resume negotiations
President Lula phoned Donald Trump on August 21, in a call of about one hour and twenty minutes, and said the allegations behind the US tariffs on Brazil are unfounded, asking to resume negotiations. Per the Brazilian government's readout, Trump agreed on preserving trade relations and proposed a new meeting of the teams. No concrete decision on the tariffs was announced.
COMÉRCIOGlobal
China seeks to join Brazil consultations over U.S. tariffs
China requested to join the consultations opened by Brazil at the World Trade Organization over U.S. tariff measures. Beijing cited a commercial interest because some restrictions also reach Chinese products.