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Trade tariffs

Measures that change product entry costs and competitiveness in international trade.

24articles
48material mentions
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SectorBrazilian exporters12 shared articles ↗EconomyUnited States11 shared articles ↗EconomyChina7 shared articles ↗OrganizationBNDES2 shared articles ↗ThemeIndustrial policy2 shared articles ↗ThemeGeopolitical risk2 shared articles ↗OrganizationJBS2 shared articles ↗AssetSoybeans2 shared articles ↗AssetOil1 shared article ↗AssetIVVB111 shared article ↗AssetCopper1 shared article ↗OrganizationGerdau1 shared article ↗

Last 90 days

What sources are saying

The Brazil-US negotiation moved off paper: the August 31 meeting between Elias Rosa and Greer reopened the channel without expecting an immediate deal, with the Brazilian government reporting that Trump ordered the talks resumed and a new ministerial round expected for late September. In the backdrop, escalation continues — meatpacker measures and the European sanitary block on Brazilian meat.

Updated September 26, 2026 · 23 verified articles

Market transmission

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

24
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.

3 sourcesSep 25, 2026
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.

4 sourcesSep 24, 2026
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.

3 sourcesSep 21, 2026
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.

3 sourcesSep 20, 2026
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.

2 sourcesSep 19, 2026
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.

5 sourcesSep 18, 2026
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.

3 sourcesSep 17, 2026
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.

3 sourcesSep 16, 2026
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.

3 sourcesSep 14, 2026
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%.

6 sourcesSep 10, 2026
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.

11 sourcesSep 04, 2026
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%.

11 sourcesSep 04, 2026