Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday.

Although oil and gas exports make up a hefty share of Brazil’s exports to the United States, Petrobras CEO Magda Chambriard said it is not an essential market for the firm.

“It is not much that we export (to the U.S.). In general, we are not very worried,” she said in her first public comments about the 50% tariff U.S. President Donald Trump announced last week.
Source: Reuters