AGP Executive Report
Last update: a minute agoFoie gras ban: Brazil’s Lula signed a law banning the sale and production of foie gras, citing animal cruelty—sparking fresh friction with France. US tariffs hit Brazil: New U.S. Section 301 forced-labor tariffs took effect, with a 12.5% surcharge on many Brazilian exports on top of a 25% duty; the U.S. also published a list of 471 Brazilian products exempted, including coffee, oil, gas, fertilizers, orange juice and açaí. Trade fallout: Brazil is weighing options as the tariff wave expands across 60 economies, while U.S. officials say forced-labor enforcement is the driver and critics call the rationale inconsistent. Ports & logistics: ICTSI agreed to buy Brazilian port concession rights for about $129M, targeting agricultural trade flows through terminals in Bahia. Mining enforcement: Brazil is using “gold fingerprinting” forensic testing to trace illegal Amazon gold and crack down on protected-area sourcing. Energy & industry: Brazil unveiled a credit package to help exporters absorb the impact of the U.S. tariff shock.
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