Chemical products companies in Brazil, who exported $2.4 billion to the U.S. last year, face contract cancellations due to Trump’s threat of a 50% tariff on Brazilian exports from August 1. Some resins and compounds for fertilizers have already seen orders canceled, affecting various industries beyond direct exports.

Companies in Brazil are experiencing canceled export contracts to the U.S. due to Trump’s tariff threat. This impacts industries like agriculture, plywood, and orange juice which rely on chemical products for manufacturing processes. Brazilian companies with U.S. operations like Braskem and Dow Chemical could also be affected.

Brazilian chemical companies are losing export business and local sales due to the threatened tariffs on Brazilian exports to the U.S. Almost every industry relies on chemicals for manufacturing processes, leading to broader impacts beyond direct exports. Exxon Mobil, which operates in Brazil, could also be affected by the tariffs.

Abiquim states that Brazil’s chemical sector has a $7.9 billion trade deficit with the U.S., making the proposed tariffs unjustified. Companies like Braskem and Dow Chemical, with operations in both Brazil and the U.S., are at risk of losses if the tariffs are implemented. Exxon Mobil, who also operates in Brazil, could face impacts as well.

Read more at Yahoo Finance: Trump tariffs weigh on Brazil chemical exporters, spark order cancellations