US Tariffs Cost Brazil’s Fishing Industry $250M in Exports
Brazil’s seafood exporters have lost an estimated $250 million since August, when the United States imposed a 50% tariff on fish and seafood products. While other industries have seen relief, companies in the sector say they’ve been left behind in Brazil’s trade negotiations with Washington.
Firms report lost revenue and shrinking margins due to an almost complete halt in shipments to the U.S. They also cite difficulties accessing emergency credit announced by the federal government and warn of looming layoffs if the tariffs remain in place...
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