Brazil: Economic Impact of the Brazilian Trucker Strike

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On May 21, 2018, hundreds of thousands of Brazil’s nearly 2 million truck drivers began an 11-day strike to protest high diesel prices, a move that slowed Brazil’s economy, crippled transportation dependent industries, and caused estimated losses of US$ 1.75 billion to Brazil’s agricultural sector. A month after Brazil’s longest trucker strike (and one of the country’s most effective strikes in history), transportation and logistics challenges still persist for Brazil’s exporters, as shipments of Brazilian commodities are still delayed, supply chains are still experiencing bottlenecks, and debate and uncertainty about Brazil’s transportation policies and prices continue to plague the agricultural sector.

Brazil: Economic Impact of the Brazilian Trucker Strike