CAP concerned about rates and warns that competition will be “tougher”

AEP and CIP warn of a significant impact on Portuguese exports, but trust that the Government will act on behalf of companies in the face of the new customs fees. Situation requires betting on other geographies and on the European market itself, say the leaders

At the entrance of a social consultation meeting, the CAP president expressed concern about the “wave of tariffs” announced by the North American administration, pointing out that it will have “a major impact on the global economy”, starting with “the growth, or the lower growth, of the global economy”. Regarding the agriculture sector, Álvaro Mendonça e Moura stresses that Portugal exports “around 100 million euros of wine to the United States”…

The governor of Banco de Portugal pointed out that the tariffs are particularly harmful because “they act at all stages of production, they do not only affect final consumption”, since the international economy is integrated and “the products are traded at different stages”.