President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, as worries persist that the newly launched trade war could crush domestic manufacturing. The pause comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors and Stellantis, on Wednesday, …
Brazil’s electric vehicle market saw significant growth in 2024, with sales surging 89% year-over-year to 177,538 units. This spike in demand drove EV imports to a record-high $1.6 billion, a 107.7% increase from the previous year, according to data from the Ministry of Development, Industry, Trade, and Services. Foreign trade expert Rogério Marin expects the …
In a bid to enhance efficiency and expand operational capacity, the Vila Velha Port Terminal (TVV), operated by Log-In Logística Integrada, has announced the expansion of its facilities through a contract for a new port site spanning approximately 70,000 square meters. The new facility is located in the back area of the Organized Port of …
The automotive industry has received special treatment under the free trade agreement between the European Union and Mercosur. Currently, Mercosur imposes a 35% import tariff on cars imported from the EU—the highest tariff across all industrial goods categories. Under the agreement, Mercosur will phase out tariffs on EU-manufactured vehicles over a 15-year period, the most …
Automakers lobby Anfavea is preparing a proposal to the government of Brazil to boost automotive sector exports. During an interview with CNN, Márcio de Lima Leite, the association’s president, voiced concerns over declining export figures. The proposal includes regulatory measures designed to reduce Brazil’s high operational costs, known as the Custo Brasil, and to support …
The volume of Brazilian imports of durable consumer goods jumped 53.4% between January and November 2024 compared to the same period in 2023. According to the Foreign Trade Indicator (Icomex) report released this Tuesday (17) by the Brazilian Institute of Economics at the Getulio Vargas Foundation (Ibre/FGV), the main driver of this growth was the …
Espírito Santo state ended 2024 with an impressive foreign trade performance, reaching a total trade value of $24.5 billion (R$150 billion), a 27.1% increase compared to 2023, when the total was $19.3 billion. This marks the highest annual trade volume for the state in the last 12 years, according to data from the Ministry of …
With a 30% increase in vehicle imports in 2024, driven by the arrival of Chinese electric cars, Brazilian automakers are pushing for measures to protect the local industry. According to Anfavea president Márcio de Lima Leite, Brazil is becoming a “dumping market” for China’s production surplus. At the same time, other regions, such as the …
Vehicle imports in Brazil recorded an impressive 141% growth in 2024 compared to the previous year, according to data released by the Brazilian Association of Importing and Manufacturing Companies of Motor Vehicles (Abeifa) on Tuesday (January 21). With 104,729 vehicles imported, Brazil achieved its best result in a decade, surpassing the 93,685 cars imported in …
The machinery sector in Brazil faces a challenging scenario, with the trade balance registering a deficit for the second consecutive year. “We have never faced such a strong attack from foreign companies in the machinery sector,” said Márcio de Lima Leite, president of Anfavea, during a press conference on Thursday (21). Imports primarily come from …