Alckmin: Trade war is not good for anyone

Published Apr 27, 2025

Tridge summary

Vice President Geraldo Alckmin emphasized the negative impacts of protectionism on global trade and advocated for multilateralism and free trade during his speech at Agrishow in Ribeirão Preto, SP. He highlighted the potential benefits of Brazil from the current trade environment, particularly through the upcoming agreement with the European Union, which is expected to boost Brazilian agribusiness exports. Alckmin also underscored the importance of financial conditions, such as the BNDES's export financing line and the need for protection against exchange rate risks to facilitate Brazil's capitalization on these opportunities.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vice President Geraldo Alckmin expressed concerns about the effects of protectionism on global trade relations and stressed the need to promote multilateralism in trade. On the other hand, he assessed that Brazil can benefit from the current scenario. "Trade wars and protectionism are not good for anyone. The ideal is to always promote multilateralism and free trade with clear rules," he said this Sunday, the 27th, at Agrishow, in Ribeirão Preto (SP). Alckmin pointed out that, in the case of Brazil, the agreement with the European Union is an important step in this direction. "This agreement will open up more opportunities for Brazilian agribusiness. The agribusiness sector can benefit even more from exports," he stated, reinforcing that the reduction of trade barriers will provide a more favorable environment for the growth of the agricultural sector. With the strengthening of the foreign market, Alckmin also spoke about the financial ...

Source: Broadcast