FGV/Icomex: Trump's "tariffaço" provokes changes in markets and in the structure of the export schedule

By Daniela Amorim Rio, 10/14/2025 - The tariff imposed by United States President Donald Trump on products exported by Brazil has caused changes in markets and in the structure of the export list. This is the assessment of the Foreign Trade Indicator (Icomex) report released this Tuesday by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV). Brazilian sales of meat and coffee products remained compensating for the loss to the United States market with an increase in sales to the rest of the world. In September, some wood and tobacco products also registered an increase in sales to the rest of the world. "The effects of the tariff are causing changes in markets and in the structure of the export list. The phase is still in transition, and this scenario may change if negotiations between Brazil and the United States can reach a positive outcome. In the negotiation, the challenge is that each participant wants to show gains and/or that the concessions ...