(Reuters) -Additional U.S. tariffs on Brazil would lead to a steeper slowdown in activity than currently projected for the South American country’s economy, a preliminary assessment by the International Monetary Fund showed.<\/p>\n
Some tariffs – for example those on steel and aluminum products – were already affecting the Brazilian economy and had been taken into account for the Fund’s latest forecast, said Petya Koeva-Brooks, Deputy Director at the IMF Research Department.<\/p>\n
“Now, when it comes to the broader question of the impact of further tariffs that had been put forward, our preliminary assessment is that that would lead to a steeper slowdown in activity than we currently are projecting,” said Koeva-Brooks.<\/p>\n
The IMF sees Brazil’s economy growing 2.3% in 2025 from a 3.4% expansion last year.<\/p>\n
Products that would be subject to these additional tariffs are expected to make up around 1.1-1.4 percentage points of GDP, she added, speaking during a news briefing at the launch of the update to the Fund’s World Economic Outlook published on Tuesday.<\/p>\n
(Reporting by Andrea Shalal and Karin Strohecker, editing by Rodrigo Campos)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Additional U.S. tariffs on Brazil would lead to a steeper slowdown in activity than currently projected for…\n","protected":false},"author":2,"featured_media":30755,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,11308,99,164,28945,15324,28943,28944,4688],"class_list":["post-30754","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-brazil","tag-business","tag-economy","tag-imf-research-department","tag-international-monetary-fund","tag-petya-koeva-brooks","tag-south-american-country","tag-tariffs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/30754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=30754"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/30754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/30755"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=30754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=30754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=30754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}