The new tariffs imposed by the United States in 2025 are having a significant impact on the Portuguese economy, especially on exports and imports. As the US is one of Portugal's main trading partners outside the European Union, these measures are creating challenges for Portuguese companies, which face higher costs and greater complexity in logistics processes. However, with appropriate strategies, it is possible to mitigate the impacts and find new opportunities.
Impact on Portuguese Exports and Imports
Portugal exports a variety of products to the US, including cork, wine, textiles, and footwear, which now face additional tariffs of 20%. This increase in costs reduces the competitiveness of Portuguese products in the US market, potentially leading to lower sales and profit margins. On the other hand, imports of raw materials and components from the US are also becoming more expensive, affecting sectors such as industry and technology.
Additionally, the European Union's retaliatory tariffs against the US may further increase the cost of American products in the European market, creating additional challenges for Portuguese companies that depend on these imports.
Future Outlook
In the short term, a reduction in export volumes to the US and an increase in operational costs for Portuguese companies are expected. In the medium term, if tariffs persist, it will be essential to diversify markets and reconfigure supply chains to reduce dependencies and minimize financial impacts. The Bank of Portugal estimates that these measures could lead to a reduction in economic growth by approximately 0.9 percentage points in 2025.
How Geocargo Can Help Mitigate Impacts
Geocargo, with nearly three decades of experience in international logistics, is well-positioned to support Portuguese companies in implementing effective strategies to address these challenges. Here's how Geocargo can assist with two critical points:
Market Diversification
Diversification is essential to reduce dependence on the US market. Geocargo offers global logistics solutions with representations in over 100 countries, helping Portuguese companies explore emerging and non-traditional markets. With air, sea, and land transport services tailored to each client's specific needs, Geocargo facilitates access to strategic destinations such as Asia-Pacific, Africa, and Latin America.
Additionally, the company provides customs fiscal consulting and assistance with certification necessary for exporting to complex markets. This support enables Portuguese companies to expand their international operations safely and efficiently.
Supply Chain Reconfiguration
Reconfiguring supply chains is crucial in reducing operational costs in a high-tariff scenario. Geocargo excels at negotiating competitive rates with maritime carriers, airlines, and rail operators, ensuring cost-effective solutions for international transport.
Moreover, it offers door-to-door services and integrated management that simplify complex logistics processes. Geocargo's advanced technology allows real-time tracking of goods and optimization of trade routes. These solutions help companies quickly adapt to changes in the global market.
With Geocargo's support, Portuguese companies can transform the challenges posed by new US tariffs into opportunities to grow in other markets and improve the efficiency of their logistics operations. Geocargo's expertise in international logistics makes it an essential strategic partner at this critical time.
More than Logistics, Geocargo is here to help Portugal overcome trade barriers and thrive globally!
