In a statement to the market, Minerva estimated that the impact of Trump’s tariffs on Brazilian products will be around 5% of its revenue. The company said it “accesses the U.S. market through its operations in Brazil, Argentina, Paraguay, Uruguay, and Australia.” Considering the results of the past 12 months, Minerva’s consolidated exposure to the U.S. market was approximately 16% of its revenue, with Brazil accounting for about 30% of that exposure. “Thus, Brazilian exports, subject to the new tax policy, present a potential maximum impact of around 5% of net revenue,” the company said.
Minerva added that “in line with our geographic diversification strategy, exposure to the U.S. market also takes place through our operations in Argentina, Paraguay, Uruguay, and Australia, which allows the company to maximize its ability to arbitrate between markets, reduce risks, seize opportunities, and respond efficiently to scenario changes like this one.”
In the early hours of trading, Minerva’s share price was down by nearly 4%, showing similar proportions to the impact on Marfrig’s shares.
