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.