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Goldman Sachs: Brazil's implementation of retaliatory tariffs against the United States could lead to greater losses.
Jin10 data July 10 news, Goldman Sachs analyst Alberto Ramos expects Brazilian exporters to urge President Lula to avoid retaliation against the 50% tariff promised by Trump. Trump stated that the tariff will take effect next month. Ramos estimates that the tariff could reduce Brazil's GDP growth rate by 0.3 to 0.4 percentage points, and retaliatory measures could further worsen the impact on economic activity and inflation. "It is currently unclear whether Brazil will retaliate, how, and when," he said.