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Firjan Alerts That Trump’s Tariff May Cause Loss of R$ 830 Million to Rio de Janeiro. Measure Affects Exports and Jobs in 48 Fluminense Municipalities.
The state of Rio de Janeiro could suffer an economic impact of up to R$ 830 million if the new tariff proposed by the Donald Trump administration comes into effect as of August 1st. This information comes from Firjan (Federation of Industries of Rio de Janeiro), which is based on a study by the Federal University of Minas Gerais (UFMG) regarding the potential effects of the measure in the South and Southeast regions.
According to the organization, the 50% tariff on Brazilian products directly affects the industrial sector in Rio de Janeiro, especially the exports of crude oil and steel, two of the main products sent to the United States. The proposal has raised concerns among entrepreneurs, unions, and local authorities, who are already working to minimize the damages.
Exports From Rio de Janeiro Are on the Front Lines of the Impact
Rio de Janeiro is the second largest exporting state to the United States, coming behind only São Paulo. In 2024, there were R$ 7.4 billion in exports to the North American country, compared to R$ 8.9 billion in imports.
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The most affected sectors would be oil and gas, employing about 40,000 people, and metallurgy, with 48,000 formal jobs. The new taxation directly compromises the competitiveness of these products in the international market.
Tariff Threatens 48 Fluminense Municipalities
According to Firjan, 48 cities in the state may be harmed by Trump’s tariff. The most impacted include Rio de Janeiro (the capital), Duque de Caxias, Macaé, São João da Barra, and Volta Redonda, which are strategic economic hubs in Rio de Janeiro.
These municipalities concentrate exporting industries that depend on trade with the United States, which exacerbates their vulnerability to commercial sanctions.
Firjan Calls for Dialogue and Proposes More Time for Negotiation
Firjan, along with other entities from the productive sector, participates in the Executive Working Group created by the state government to monitor the impacts of the American tariff.
In a statement, the president of the federation, Luiz Césio Caetano, declared:
“Firjan views the possible implementation of the measures with great concern and advocates for intensified dialogue and negotiation in search of a satisfactory solution for both sides. This unpredictability is detrimental to everyone, especially small and medium-sized Fluminense companies.”
The entity also requests a postponement of the negotiation deadline so that an agreement can be reached before the tariffs go into effect.
With the advancement of the protectionist policy promoted by Trump, experts warn of the need for immediate action by the federal government.
Without strong diplomatic measures, Rio de Janeiro could face significant declines in its trade balance, along with impacts on employment and tax revenue.
Firjan will continue to push for diplomatic solutions that prevent the implementation of the tariff, which threatens not only Rio de Janeiro but the Brazilian economy as a whole.
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