Tarcísio mentions impact of up to 2.7% on SP GDP with US fare

The governor of Sao Paulo, Tarcísio de Freitas (Republicans), said on Saturday, 26, that the state’s Gross Domestic Product (GDP) can be negatively affected between 0.3% and 2.7% with the 50% tariff promised by the United States against Brazil’s products.

The statement was made at Expert XP 2025, in São Paulo. “We have been doing many simulations and the effect can be very severe in fact,” he said.

In addition to the impact on GDP, Tarcisio mentioned the possibility of 44 thousand to 120 thousand jobs less in the state, and a loss of $ 3 billion to $ 7 billion in the salary wage.

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Tarcisio said he was also concerned about both small businesses and the big ones who operate in the state. He quoted the case of Caterpillar, which has a factory in Piracicaba.

He also mentioned Embraer (EMBR3). “She sends US Executive planes that are manufactured in Gavião Peixoto, send the commercial aviation aircraft that are manufactured in São José dos Campos, and we are talking about imposing a significant burden to the company“, he said.