Brazilian Oil May Head to Asia, Europe if Trump Enacts Tariffs

Brazil’s crude oil exports to the U.S. are facing an uncertain future as Washington prepares to impose sweeping 50% tariffs on Brazilian imports starting August 1—up from the current 10%. While it remains unclear whether crude oil will be included in the list, analysts and industry groups are already warning of major disruptions. The U.S. is Brazil’s third-largest oil buyer, importing around 189,000 barrels per day (bpd) in Q1 2025, or 11% of Brazil’s total oil exports, according to data from ship-tracking firm Vortexa and…