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Petrobras Bets on Global Reach to Circumvent Tariff Hikes
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The US accounts for 4% of the state-owned company's oil exports and 37% of its derivatives sales.
Finance Executive Secretary Dario Durigan said Tuesday (July 22, 2025) that President Luiz Inácio Lula da Silva's (Workers' Party) administration is analyzing the need to help Brazilian companies affected by the 50% tariff imposed by the United States on Brazilian products starting August 1. According to the ministry's number 2, any aid will be provided "with the least possible fiscal impact" and in a "timely" manner. Durigan stated that the gov…
Contract renegotiation and legal impacts following new U.S. government tariffs require diplomacy in trade relations. By Luís Guerrero. The post Contract renegotiation after Trump's tariff hike: an additional challenge for companies appeared first on Monitor Mercantil.
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