• Tariff uncertainty causes deal pauses and fundraising delays
• Brazilian public companies’ shares fall after tariff announcement
• US-Brazil trade surplus at USD 7.4bn, potential impact on US businesses

The threat of 50% import tariffs on Brazilian goods by US President Donald Trump has caused consternation among dealmakers, with advisors seeing pauses on both deals and early fundraising efforts.

In addition to uncertainty in dealmaking, some public companies have seen shares fall as a reaction to the announcement. Brazil exports huge amounts of things like steel and coffee into the US, but the US has a trade surplus with Brazil of USD 7.4bn as of 2024, there could be impacts on US businesses as well.

Thiago Barrozo, Mergermarket’s Latin America editor, joins Dealcast host Julie-Anna Needham to discuss potential outcomes with US tariffs looming, including:

• Which political factors play into the imposition of such heavy tariffs on the country
• Which sectors are likely to be most impacted by tariffs like logistics and specific agribusiness subsectors, including beef and coffee production
• Which Brazilian companies, like Embraer, are already seeing impacts caused by the announcement of potential tariffs
• Which other export markets Brazilian companies could be exploring from the EU to China

All this and more in this week’s Dealcast.