Government remains optimistic about GDP growth despite Trump’s tariffs, says Tebet

247 – The Minister of Planning and Budget, Simone Tebet, said in an interview with TV 247 this Monday (May 5) that the election of Donald Trump as president of the United States has created "uncertainties."

Despite the impact of trade tariffs, the Brazilian economy will remain resilient and growth projections will be maintained, Tebet stated. “In light of this, many tectonic plates will shift internally. We are optimistic about Brazil's growth,” she said.

“We are presenting the numbers of the Budget Guidelines Law (LDO) with great firmness and confidence,” she added, referring to the fiscal framework that forecasts a GDP growth of 2.31% for this year and 2.5% for 2026.

Regarding the tariffs imposed by Trump on Brazil, the minister criticized what she called the "chauvinistic, nationalist and completely misguided view of the American government."

In the global "tariff surge" announced by Trump in April, Brazil was hit with a 10% surcharge on all exports to the U.S.