Argentina increases imports from Brazil by 55%

Statistics from the database of the Ministry of Development, Industry, Commerce and Services (MDIC) indicate that Argentina increased its imports from Brazil by 55.4% in the first half of the year, in the face of the imminent threat of a 50% tariff on Brazilian products by the United States, which would come into effect on August 1.
According to the platform, the country of President Javier Milei, an enemy of Brazilian President Luiz Inácio Lula da Silva, imported US$9.12 billion from Brazil between January and June. In the same period in 2024, the total was US$5.87 billion.
Data from Argentina's National Institute of Statistics and Censuses (Indec) showed that Brazil remained the neighboring country's largest trading partner in June, accounting for 14.8% of Argentine exports and 25.2% of imports.
The main foreign trade products between Brazil and Argentina were wheat, cars and auto parts, according to Indec.
On so-called Liberation Day, April 2, US President Donald Trump imposed tariffs on imported goods from 184 countries and territories and the European Union (EU), with Brazil and Argentina among the countries with the lowest tariff, 10%.
However, in a letter sent to Lula on the 9th, Trump announced that he intends to impose a 50% surcharge on the import of Brazilian products starting August 1st, citing, among other reasons, what he called judicial persecution against former president Jair Bolsonaro; decisions by Supreme Court Justice Alexandre de Moraes regarding American big tech companies; and “unfair” trade practices by Brazil against the United States.
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