Overview of Portugal's Exports to the US
In 2024, Portugal exported goods worth €5.318 billion to the United States. Of this total, an impressive 44.5%, amounting to €2.365 billion, are currently shielded from the 10% tariffs imposed by the Trump administration. This information was revealed by AICEP and reported by PÚBLICO.
Key Products
The products that are notably exempt from these tariffs include petroleum products and medications, which are crucial for both economies. This exemption provides a significant advantage to Portugal's export market in the face of increasing trade barriers.
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