Overview

• President Trump’s July 30 executive order raised U.S. tariffs on Brazilian goods to 50%, but carved out crude oil and other energy products.
• Energy companies had halted shipments and stored cargo on vessels as ambiguity over oil’s inclusion in the higher tariff froze deliveries.
• The United States imported about 189,000 barrels per day of Brazilian crude in Q1 2025, accounting for roughly 11% of Brazil’s total oil exports, according to Vortexa and Kpler.
• State-run Petrobras sent just 4% of its Q1 crude to U.S. buyers, while independent producers such as Prio direct around 30% of their output to the American market.
• Exporters remain cautious as they resume flows and engage in diplomatic outreach to secure further clarity on U.S. trade policy.