Reported about 16 hours ago
Brazilian chemical exporters, who sent $2.4 billion worth of goods to the U.S. last year, are facing significant order cancellations following President Trump's threat to impose a new 50% tariff on their exports starting August 1. The uncertainty surrounding these tariffs has led to a halt in contracts for resins and fertilizers critical to U.S. agriculture, negatively impacting both export businesses and local companies that rely on chemicals in their production processes.
Source: YAHOO