Orders from the US buoy Portuguese exports to the US
In a rush to beat the introduction of “reciprocal” tariffs imposed by the White House, US orders from Portugal offset an overall drop in exports in the first quarter of this year. [...]
Tariffs threaten employment in the Algarve and North of Portugal
A study from Bruegel has compared the effects of US tariffs on employment at a regional level in the European Union and suggests that the impact in the North of Portugal and the Algarve regions [...]
US wine importers put all Portuguese wine orders on hold over tariff uncertainty
US wine importers have stopped taking orders of Portuguese wines because of the uncertainty of reciprocal tariffs threatened by the US government. Paulo Amorim, president of ANCEVE, the national [...]
Portugal’s development bank to allocate €10Bn in Trump tariff offset measures
The President of Portugal’s Development Bank – Banco Português de Fomento – has been mandated by the country’s Minister of the Economy, Pedro Reis, to disburse €10Bn in support funds [...]
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Government outlines tariff mitigation policies
Portugal’s government held emergency meetings with business and industry associations on Tuesday to hammer out a tariff impact mitigation plan and beef up credit lines for competitiveness and [...]
Tariffs will force Portuguese companies to seek alternative markets or make layoffs
The US administration’s round of sweeping tariffs will oblige Portuguese export companies to seek other international markets and those who fail to do so may have to lay off staff. That is the [...]
Portugal to be hit by 10% baseline tariff and 20% reciprocal tariffs on exports
Last year, Portugal’s exports to the US stood at around €5.4Bn, making the country the most important single exports destination for Portuguese goods and services after the European Union. Its [...]
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What impact can economic diplomacy have on the internationalization of companies?
The impact of economic diplomacy on the internationalisation of companies and the power of entrepreneurialism in attracting capital were among the topics discussed at the conference ‘Economic [...]
US trade wars will wipe off 1.1% of Portugal’s GDP over three years
The Bank of Portugal has estimated that the current adverse international economic scenario and the impact of the ongoing US tariff wars could wipe 1.1% off Portugal’s economy over the next three [...]
Share of Portugal’s exports in terms of GDP falls for second year running
The share of Portugal’s exports on GDP fell for the second year running in 2024 after having enjoyed a historic 50% of total GDP in 2022. Part of the reason behind the strong percentage of [...]
