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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (2461)11/12/2024 12:16:28 AM
From: elmatador  Respond to of 2504
 
Brazil has a trade deficit of $30 billion with the US while having a $26 trade surplus with China.

Basically, Brazil takes dollar from China and send them to the United States

U.S. goods and services trade with Brazil totaled an estimated $120.7 billion in 2022. Exports were $75.7 billion; imports were $45.0 billion. The U.S. goods and services trade surplus with Brazil was $30.7 billion in 2022.



TOP Brazilian Exports to the US



To: E_K_S who wrote (2461)2/6/2025 3:00:27 AM
From: elmatador  Respond to of 2504
 
China's decision to impose 10% tariffs on U.S. crude oil imports opens a "window of opportunity" for Brazil to increase its oil shipments to China.


Brazil last year was 7th-largest supplier of oil to China, with an average of 720,000 barrels per day.


"There can actually be an increase," IBP's Roberto Ardenghy told Reuters on the sidelines of an event in Rio de Janeiro.

https://www.reuters.com/markets/commodities/china-tariffs-us-oil-an-opportunity-brazil-says-lobby-group-2025-02-04/



To: E_K_S who wrote (2461)3/31/2025 11:33:20 AM
From: elmatador1 Recommendation

Recommended By
E_K_S

  Respond to of 2504
 
Global Eggs acquires Hillandale Farms for $1.1bn – Reuters

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Global Eggs, a Luxembourg-based company led by Brazilian entrepreneur Ricardo Faria, has agreed to acquire US egg producer Hillandale Farms for $1.1 billion.

The deal, confirmed by Faria to Reuters on Thursday (27 March), follows the company's strategy to expand its operations. Global Eggs, which was established last year, already operates Granja Faria in Brazil and acquired Spain’s Grupo Hevo last November.

As part of the acquisition, Brazilian investment bank BTG Pactual's private equity arm will invest $300 million in exchange for an 11% stake in Global Eggs.

Faria noted that this acquisition is not linked to the recent surge in US egg prices caused by bird flu outbreaks and rising imports from Brazil. Instead, the entrepreneur expressed his confidence in continued global growth in egg consumption.

“We are looking at the world, and mainly at the Western world,” he told Reuters

Faria noted that over the past 15 years, egg consumption patterns have shifted. While eggs were once mainly consumed by lower-income households, they have now become a staple across all social and economic groups.


Combined, Global Eggs’ recent acquisitions, including Hillandale, Hevo, and Granja Faria, reported a total revenue of over $2 billion in 2024.

Although Global Eggs had previously planned an initial public offering in New York, Faria stated that the company will now focus on integrating Hillandale and consolidating its brand presence.

foodbev.com



To: E_K_S who wrote (2461)7/16/2025 5:35:34 AM
From: elmatador  Respond to of 2504
 
Trump Administration Initiates Trade Investigation of Brazil
The United States has begun investigating Brazil’s trade practices and “anti-corruption interference,” after the president’s criticisms of Brazil’s treatment of Jair Bolsonaro, a Trump ally.

Jamieson Greer, the U.S. trade representative, said he was beginning the investigation “into Brazil’s attacks on American social media companies as well as other unfair trading practices that harm American companies, workers, farmers and technology innovators.”

Kevin Hassett, the director of the National Economic Council, explained on Sunday in an appearance on ABC’s “This Week” that the “president has been very frustrated with negotiations with Brazil and also with the actions of Brazil,” emphasizing a need to “put America first.”

By Ana Swanson and Tony Romm

Reporting from Washington

July 15, 2025

The Trump administration initiated a trade investigation of Brazil on Tuesday, an action President Trump threatened last week as he criticized the country’s unfair trade practices and “witch hunt” against his political ally, former President Jair Bolsonaro.

The investigation will seek to determine whether certain policies and actions by the Brazilian government are unreasonable or have hurt U.S. businesses, the Office of the United States Trade Representative said in an announcement. The actions under investigation include the tariffs Brazil levies on American products, the country’s digital trade policies, the access it provides to its ethanol market and “anti-corruption interference,” among others, it said.

The announcement unleashed one of the United States’ most potent trade weapons on Brazil, escalating a sudden dispute that has renewed debates about the extent of Mr. Trump’s tariff powers and his interference in other countries’ politics.

The investigation could result in additional tariffs, after Mr. Trump already said in a letter that he planned to impose a 50 percent tariff on all Brazilian imports, one of dozens of letters that he posted threatening steep tariffs that go into effect Aug. 1. But unlike other letters, the missive to Brazil complained about the country’s policies that discriminate against American tech companies and lambasted Brazil for its treatment of Mr. Bolsonaro, who is facing trial for attempting a coup.

In the letter, which was posted on social media, Mr. Trump said that the way Brazil had treated Mr. Bolsonaro was “an international disgrace,” and that the new tariffs would take effect on Aug. 1. He also promised to initiate the trade investigation.

Jamieson Greer, the U.S. trade representative, said Tuesday that he was beginning the investigation “into Brazil’s attacks on American social media companies as well as other unfair trading practices that harm American companies, workers, farmers and technology innovators.”

By targeting Brazil, Mr. Trump nonetheless has touched off complaints that he is using his trade powers to settle political scores, regardless of questions of legality. The president has claimed vast authority to issue steep levies even without the express approval of Congress, as he looks to combat the nation’s trade deficit, address security concerns and, at times, meddle in another country’s internal affairs.

“They’re treating President Bolsonaro very unfairly. He’s a good man,” Mr. Trump said on Friday, later adding: “I shouldn’t like him because he was very tough in negotiation, but he was also very honest. And I know the honest ones, and I know the crooked ones.”

Brazilian prosecutors disagree. They say that after Mr. Bolsonaro lost the 2022 election, he encouraged his supporters to storm federal buildings and aimed to overturn the vote, dismantle the courts and hand special powers to the military. They also say he was aware of a plot to assassinate the incoming president and vice president, and a Supreme Court justice, a charge he denies.

Kevin Hassett, the director of the National Economic Council, explained on Sunday in an appearance on ABC’s “This Week” that the “president has been very frustrated with negotiations with Brazil and also with the actions of Brazil,” emphasizing a need to “put America first.”

Mr. Hassett later acknowledged that Mr. Trump settled on a 50 percent tariff — higher than the levies he has promised other countries beginning Aug. 1 — specifically because of Brazil’s treatment of Mr. Trump’s political ally. But Mr. Hassett said there were other reasons as well, citing the fact that Chinese sellers had sought to avert their own steep duties by selling through Brazil, in a tactic known as transshipping.

“If you look at an overall strategy, if you don’t have an overall strategy for this, then there’ll be transshipping and everything else, and you won’t achieve your objectives,” Mr. Hassett said.

Ana Swanson covers trade and international economics for The Times and is based in Washington. She has been a journalist for more than a decade.

Tony Romm is a reporter covering economic policy and the Trump administration for The Times, based in Washington.