“It is crucial for Portuguese companies to be prepared to diversify their export markets, particularly by taking advantage of the European Union’s free trade agreements with various countries, seeking alternatives that offer greater predictability and stability,” stated Mário Jorge, the president of the Official Dispatchers Association.
U.S. President Donald Trump announced new tariffs on all imports last week, imposing additional duties specifically on countries perceived as hostile to trade.
For the European Union, the new U.S. tariffs of 20% on imported goods add to the existing 25% on the automotive, steel, and aluminum sectors.
“While the direct impact on Portuguese exports has not yet been fully quantified, sectors with significant exposure to the U.S. market could be particularly affected,” noted Mário Jorge.
Moreover, the association, which represents individuals responsible for customs formalities and facilitating international trade, added that the new tariffs could trigger retaliatory measures, increasing uncertainty in international trade and negatively impacting the global economy.
“We believe that the escalation of protectionism does not serve the interests of any of the involved parties,” remarked the official, warning that “treating trade partners as adversaries is a dangerous strategy that can undermine relationships built over decades.”
