Brazil seeks new trade partnerships amid increasing global tensions

Investing.com -- Brazil is actively seeking new trade partnerships in response to escalating global trade tensions, according to the country’s Secretary of Foreign Trade, Tatiana Prazeres. This news comes in the wake of President Donald Trump’s decision to impose a 25% tariff on all cars, trucks, and major parts such as engines and transmissions imported into the United States.

Prazeres spoke on Thursday about the current situation, expressing concern that these trade tensions are likely to worsen before they improve. "We didn’t need to wake up to what happened last evening," she said, referring to Trump’s tariff imposition on Wednesday.

She further noted that trade is being "weaponized" and warned about the uncertainty of the situation. "We don’t know where this will lead us," Prazeres said, adding, "I think it might get worse before it gets better."

In response to the escalating trade tensions, Brazil is exploring the establishment of new trade "coalitions" and rules-based trade arrangements with countries that are willing to cooperate. "We are looking into expanding our network of trade relations," Prazeres stated, outlining Brazil’s strategy amidst the global trade uncertainties.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.Which stock should you buy in your very next trade?

AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

Unlock ProPicks AI