Core Insight: According to foreign trade import and export data, Chile's wine exports to Brazil have continued to grow, mitigating the impact of the "Trump tariffs" on exporters. This phenomenon is very beneficial for Chile in offsetting the decline in exports to the United States. Since April 2025, Chilean goods exported to the United States have been subject to a 10% tariff. This is part of Trump's so-called "reciprocal tariff" policy implemented against most countries. However, unlike Brazil (which has been subject to tariffs as high as 50% since August), Chile has not become a focus of increased tariffs.