# Brazil may emerge as winner from sweeping US tariffs, economists say | Reuters

> Brazil's economists said that Trump's sweeping US tariffs could prove relatively advantageous for Brazil, which faces a 10% levy on its exports to the US. The Brazilian real strengthened past 5.60 per US dollar, its highest level since October 2024, and the Ibovespa edged up 0.23%. Analysts said Brazil's lighter tariff burden could shield it from trade risks and attract capital shifting away from the US.

- Date: 2025-04-03 · published 2025-04-03T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/6026-brazil-may-emerge-as-winner-from-sweeping-us-tariffs-economists-say-reuters
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A relatively lighter US tariff on Brazilian exports, compared with rivals, supports Brazilian export competitiveness and capital inflows, which pushes the real stronger and lowers USD/BRL. Stronger exporter demand for Brazilian commodities could also follow if trade flows shift toward Brazil.

## Read by commodity

- USDBRL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2025-04-04 | 1 | +3.6% | 5.5 | Brazil's relatively light 10% US tariff and expected capital inflows strengthened the real past 5.60 per USD, consistent with a sharp BRL appreciation (lower BRL per USD) around the move. |
| USDBRL | 2025-04-09 | 5 | +6.2% | 3.8 | Brazil's relatively light 10% US tariff and expected capital rotation away from the US supported BRL strength, though the real had already strengthened past 5.60 by 3 April and the move into 9 April is larger and may include later dynamics. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-03-06 | [Brazilian real strengthens as U.S. signals softer tariff stance](https://feedsoft.ai/events/25806-brazilian-real-strengthens-as-u-s-signals-softer-tariff-stance.md) | +0.2% | -1.8% |
| USDBRL | 2020-10-19 | [Real up as Brazil, U.S. reinforce trade ties; China data lifts mood \| Financial Post](https://feedsoft.ai/events/50837-real-up-as-brazil-u-s-reinforce-trade-ties-china-data-lifts-mood-financial-post.md) | -0.2% | -4.0% |
| USDBRL | 2025-04-03 | [Brazilian Real at Over 5-Month Highs](https://feedsoft.ai/events/6027-brazilian-real-at-over-5-month-highs.md) | +6.2% | -0.7% |
| USDBRL | 2018-10-29 | [China & Brazil: Currencies on Diverging Paths?](https://feedsoft.ai/events/62740-china-and-brazil-currencies-on-diverging-paths.md) | +0.7% | +6.1% |
| USDBRL | 2025-10-13 | [Dollar falls against the real on a day of adjustments after Trump tones down his rhetoric on China \| Brasil 247](https://feedsoft.ai/events/22635-dollar-falls-against-the-real-on-a-day-of-adjustments-after-trump-tones-down.md) | -2.1% | -3.0% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/brazil-may-emerge-winner-sweeping-us-tariffs-economists-say-2025-04-03/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.