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2024-11-08 16:53:27
in reply to

yahoo.com on Nostr: Gerdau and Braskem, two of Brazil's largest industrial firms, are already touting ...


Gerdau and Braskem, two of Brazil's largest industrial firms, are already touting their US operations as a hedge against the risk of protectionism from President-elect Donald Trump. Trump has floated the idea of imposing tariffs on imported goods, which could benefit Gerdau's steelmaking plants in the US and Canada. Braskem, a petrochemical producer, also stands to gain from Trump's protectionist approach, as it is a key supplier of polypropylene to the US automotive industry. Both firms are urging Brazil to impose tariffs to protect its market in the face of US protectionism.

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https://media.zenfs.com/en/reuters-finance.com/a6453f149b1253e2b6215f54fe166d92

https://finance.yahoo.com/news/brazilian-firms-tout-u-plants-161440238.html

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