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The trade war between the United States and China has earned Brazil a "fisherman". Brazil's steel exports to the United States rose at the start of the trade war.
Last month, Brazil's steel exports to the United States reached $ 549 million, according to the United States government, which began imposing high duties on Chinese steel.
Compared with $ 211 million in June last year, it increased by 160%, or 395%, compared to $ 111 million in May
Brazil is the second largest exporter of petrochemicals. steel to the United States after Canada. .
The share of steel imports by country in the United States was 16.1% in Canada, 13% in Brazil, 10.2% in Korea, 9% in Mexico, 8.7% in Russia 6.3% in Turkey, 5% in Japan, 3.8% in Germany, China (2.2%) and other (19.8%).
Meanwhile, the National Federation of Industry (CNI), Brazil's largest economic group, predicted that the US-China trade war would result in a significant increase in exports to the United States. Brazil.
The Federation predicted that exports to both countries would increase by about $ 7.4 billion a year
by badyzing the impact of the Sino-US trade war.
With retaliation, Brazil is expected to export $ 1 billion to the United States and $ 6.4 billion to export to China, with Brazilian products being bailed out.
Machines, automobiles and their parts, chemicals and fertilizers were among the major items of export to the United States. Items that are expected to increase exports to China include fruits, grains, automobiles and fish.
Brazil's main export destinations from January to May were China ($ 24.1 billion), the United States ($ 10.4 billion), Argentina (7.3 billion) and the Netherlands (5.3 billion).
(São Paulo)
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