Amcham: only six of 21 exporting sectors manage to offset losses with U.S. fees

A study by Amcham Brasil reveals that only six out of 21 exporting sectors manage to offset losses from the United States' surcharges on Brazilian products. The conclusion is that the strategy of redirecting exports to other markets was insufficient to mitigate the effects of the surcharges in most cases. The sectors that managed to fully compensate for their losses are those of vegetable products; fats and oils; chemicals; precious stones; electrical machinery and apparatus; and mechanical machinery and instruments. Meanwhile, among the 15 most affected sectors, which failed to compensate for their losses, stand out the food sectors (such as honey and nuts); plastic and rubber; wood; metals and transportation material. In total, the losses amounted to US$ 1.2 billion. The analysis also highlights that, in several cases, the growth of exports to other markets occurred in items distant from those traditionally exported to the United States, suggesting an imperfect compensation at ...