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Trump’s Tariff Threat Looms Over Brazilian Oil Exports

  • U.S. President Donald Trump has threatened 50% tariffs on Brazil for allegedly persecuting right-wing ex-president Jair Bolsonaro.
  • Brazil's oil exports to the U.S., valued at $5.83 billion in 2024, could be impacted by the tariffs.
  • Analysts believe any disruption from the tariffs would likely be short-lived and not represent a structural risk.
  • Petrobras, Brazil's state-controlled oil company, facing headwinds from lower oil prices, might redirect exports if impacted by the tariffs, but the Brazilian Petroleum Institute views Trump's threats with concern.

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