By Brazil Stock Guide – Amcham Brazil said Friday that trade disputes with the United States should be resolved through negotiations rather than retaliatory measures under the country’s new Economic Reciprocity Law. In a statement released in São Paulo, the chamber stressed that deepening tensions could undermine investor confidence and damage bilateral ties.
A recent survey conducted by Amcham showed that 86% of companies believe reciprocal actions would intensify the conflict with the US and reduce opportunities for negotiated solutions, while increasing uncertainty for businesses. Concerns raised by executives include harm to Brazil’s image as an investment destination, higher legal insecurity, threats to supply chains dependent on US technology and inputs, and weaker global competitiveness.
Amcham said it will send a delegation to Washington next week to participate in a public hearing tied to the investigation opened under Section 301 of the US Trade Act. The agenda also includes meetings with US government officials and public sector representatives.
According to the statement, Amcham will continue to support the Brazilian government in strengthening dialogue with Washington and expressed its willingness to help secure what it described as a “balanced and mutually beneficial outcome” in the dispute.