Tariffs and Trade: Brazil's Shift to China Signals a New Era in Latin American Commerce The US share of Brazilian exports has hit its lowest level since 1997, according to the American Chamber of Commerce for Brazil.
Chinese buyers now account for nearly one third of all Brazilian exports between January and June this year, up significantly from just two years ago.
The ongoing tariff war between the US and Brazil is driving businesses to seek alternative markets. The proposed new round of tariffs against Brazilian goods has clearly had an impact on American buyers, with a 12.