Reported 16 days ago
Two major Brazilian firms, Gerdau and Braskem, are highlighting their U.S. operations as a strategic advantage in response to President-elect Trump's proposed protectionist policies. Gerdau's CFO expressed optimism about increased U.S. steel demand and potential financial benefits from a stronger dollar, while Braskem sees a favorable market for its polypropylene products in the U.S. automotive industry. Both companies are advocating for Brazil to impose tariffs as a countermeasure against U.S. protectionism and to protect the local market from cheap imports.
Source: YAHOO