Retail actions retreat in reaction to the tariff of the president of the United States, Donald Trump (Image: Disclosure)
Actions of retail perform at the negative tip of the IBOVESPA (IBOV) in the trading session this Thursday (10), with the market digesting the announcement of the United States of a 50% rate on exports in Brazil.
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Around 16h (Brasília time), Azzas 2154 (Azza3) fell 2%, at R $ 36.26. Already Magazine Luiza (Mglu3) retreating 2.11%, at R $ 8.37, Assaí (Asai3) fell 2.03%, at R $ 10.16 and Alpargatas (Alpa4) had a drop of 2.74%, to R $ 8.52.
Analysts of Citi They comment that although the rate is high, the situation is fluid, recalling that at other times there was a reduction in Trump measures to other countries after trade agreements are signed.
“Since April 2, there has been a coming and going on tariffs between the US and other countries and so far remains uncertain if the 50% rate on Brazilian exports will be changed,” says Citi.
At first glance, the gringo bank classifies 50% rates as high. However, they believe the impact may be limited to most Brazilian companies.
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What retail actions are most impacted?
THE BRADESCO BBI It sees a limited impact on Brazilian retailers, with only two companies in the universe of house coverage with one -digit (low in medium) exhibition of imports to imports from the United States of Brazil:
- Azzas 2154: 3% of sales at risk. Despite having 7% US sales exhibition, analysts note that Farm Global does not export from Brazil (production mainly located in China, India, Turkey and Portugal) and Brazil’s US exhibition is essentially related to women’s shoes;
- Alpargatas: 4% of sales at risk, while the US brand Rothy’s manufactures in China in China.
“Although the direct impact should be limited, we do not rule out a negative reaction of actions in all companies of our coverage in the light of increased risk perception, which can impact theses of duration Long or global exposure due to increased risk, ”they evaluate.
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Source: Moneytimes
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