Tariffs

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Donald Trump’s threat on Thursday to slap a massive 200% tariff on wines effectively means that Portuguese wine exports, which are worth €100 million a year, could be priced out of the huge US [...]