Brazil-USA Trade Declines Sharply in 2020, Hits Worst 9-Month Mark in Eleven Years

In May last year, President Jair Bolsonaro praised the commercial partnership with the United States, which he defined as a realignment of Brazilian diplomacy in relation to the country led by Donald Trump.

RIO DE JANEIRO, BRAZIL - According to a report released by Amcham Brazil, bilateral trade between Brazil and the United States by September recorded its worst result in the past 11 years. Between January and September, the two countries traded US$33,4 (R$183) billion, a 25,1 percent reduction over the same period last year. The report points out the main factors to explain the sharp reduction in bilateral trade.

The most obvious factor is the pandemic, which has produced a significant drop in the USA of both consumption and companies' need for products originatingfrom Brazilian exports. But other . . .

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