Brazil ran a $2.9 billion commerce surplus with Iran final 12 months, authorities information reveals, making the South American nation a possible candidate for brand spanking new US tariffs.
US President Donald Trump mentioned on Monday any nation that does enterprise with Iran will face a tariff charge of 25% on any commerce with the US, as Washington responds to political turmoil in Iran, which is seeing its largest anti-government protests in years.
In mid-2025, Brazil confronted extra US tariffs on items together with beef, espresso, and orange juice. Washington later modified course, partially eradicating the additional duties to keep away from inflationary stress at residence. Nevertheless, some items nonetheless face tariffs, together with sneakers, fish and wooden.
Brazilian exports to Iran consist primarily of corn and soybeans, with these making up 67.9% and 19.3% of the nation’s whole exports to the Persian nation in 2025.
Iran was the primary vacation spot for Brazilian corn final 12 months, importing 9.1 million metric tons, in response to commerce information. Egypt and China, Brazil’s principal commerce accomplice general, imported a mixed 9.5 million tons of corn, the identical information set confirmed.
Brazil imported practically $85 million price of merchandise from Iran, primarily fertilizers like urea, along with fruits and nuts, the information confirmed.
