Trump Raises Brazil Import Tariffs to 50 Percent $229 Million Seafood Trade in Jeopardy

US President Donald Trump has announced a dramatic increase in tariffs on Brazilian imports, jumping from 10% to 50% starting August 1. The move is sending shockwaves through global markets, with significant impact anticipated for orange juice, beef, coffee, sugar, and especially seafood.

Brazil exported nearly 84 million pounds of seafood to the US in 2024, valued at approximately $229 million, ranking 12th by volume and 19th by value among US seafood suppliers. Top products include tilapia, snapper, and spiny lobster. In recent years, Brazil supplied up to 17% of America’s warm-water lobster but saw its share drop to 12% in 2023–2024.

The new 50% tariff could severely disrupt this trade, potentially removing key products from US shelves and driving up prices for consumers. Brazil has already pledged reciprocal measures, fueling concerns of a broader trade conflict.

The Brazilian Tilapia Association, Peixe BR, is urging immediate negotiations with the US. While China faces similar tariffs and Colombia’s rate stands at 10%, market participants warn that the impact on Brazil’s export-reliant sectors could be far-reaching and long-lasting.