U.S. Tariffs and Exemptions
The Brazilian Petroleum and Gas Institute (IBP) welcomed the announcement that the oil and gas sector has been formally exempted from the 50% tariff imposed by the United States on Brazilian products. The decision to exempt energy and energy-related products (including crude oil, derivatives, and liquefied natural gas, among others) acknowledges the specific nature of the oil market and its strategic importance in bilateral trade.
IBP notes that there is a significant flow not only of Brazilian crude oil exports, which totaled US$ 2.37 billion in the first half of 2025, but also of imports of essential derivatives for the domestic market.
Maintaining the sector’s competitiveness in the U.S. market helps preserve trade flows and investments, mitigating immediate impacts.
