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Brazil

US Revised Tariffs (%)

50

Ease of doing business

theboardiQ Tariffs Dashboard:

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Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

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Revised Tariff %
Original Tariff %
Country Tariff Rate %
Share of US Imports % (1 implies <1%)
50
10
7.3
1.3
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
49.67
42.32
7.35

Implications

As of January 27, 2026, the trade relationship between the US and Brazil has been defined by a "thaw" in what was a high-tension period throughout 2025. While significant punitive tariffs were levied by the US in mid-2025, many have been partially rolled back or exempted as of early 2026.


Latest US Tariffs Update (January 2026)


  • The 2025 Surge: In July 2025, the US imposed a 50% headline tariff on most Brazilian goods (a 10% base + 40% IEEPA levy), citing political tensions and "non-reciprocal" trade barriers.

  • Current Rollbacks: Following trade talks in late 2025, the US exempted key agricultural goods (coffee, sugar, orange juice, and meats) from the 40% punitive portion.

  • Remaining Barriers: Many industrial goods, including steel (50%), aluminum (50%), and motor vehicles (25%), remain under high Section 232 or Section 301 duties.

  • New 2026 Tech Tariffs: As of January 15, 2026, a new 25% Section 232 tariff applies to specific advanced semiconductors and logic integrated circuits, affecting high-tech components.


Major Companies Impacted


The impact varies by sector, with some finding relief while others struggle with halved margins:

Sector

Key Companies

Impact Status

Mining & Metals

Vale, Gerdau

High Impact: High duties on steel/iron ore exports continue to squeeze margins.

Agriculture

JBS, Marfrig, Raízen

Stabilizing: Recent exemptions for meat and sugar have protected these giants from the worst 2025 projections.

Beverages

Citrosuco, Cutrale

Recovering: As the world's largest orange juice exporter, these firms saw a volume drop in 2025 but are recovering post-exemption.

Aerospace

Embraer

Moderate: Impacted by supply chain costs for electronic components and potential reciprocal aerospace tariffs.

Economic Indicators & GDP Impact


  • GDP Impact: 2026 GDP growth is forecast to slow to 1.5% (down from previous years). The deceleration is attributed to the "lag effect" of 2025 tariffs, high interest rates (15%), and a cooling global demand for commodities.

  • Balance of Trade (BOT) YTD: * January 2026 (Wks 1-3): Brazil recorded a strong $3.8 billion surplus.

    • Trend: Average daily exports are up 18% compared to Jan 2025, driven by a surge in extractive (mining) and agricultural exports to China, which has partially offset the decline in US-bound trade.

  • Full Year 2025 Recap: Brazil ended 2025 with a current account deficit of 3.02% of GDP, largely covered by Foreign Direct Investment (FDI) of $77.7 billion.


SWOT Analysis: Brazil Trade 2026

Strengths

Weaknesses

* Global leader in essential commodities (soy, iron, beef).


 * Strong FDI inflows ($77B+) providing fiscal stability.


 * Diverse export destinations (China, EU, Mercosur).

* High reliance on commodity exports over value-added goods.


 * High domestic interest rates (15%) stifling industrial growth.


 * Fragile fiscal balance and rising public debt.

Opportunities

Threats

* Critical Minerals: US desire for rare earths may lead to further tariff exemptions.


 * Mercosur-EU Deal: Potential ratification could open massive new markets.


 * Tech Refuge: Becoming a hub for low-carbon tech facing US barriers.

* Political Volatility: 2026 General Elections may trigger market uncertainty.


 * US-China Trade War: Secondary impacts if US pressures Brazil to limit ties with China.


 * Climate Risks: Water stress in agricultural hubs like São Paulo.


US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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