Brazil's State Postal Correios Q1 Loss Doubles to $626M on Import Tax

Brazil's State Postal Correios Q1 Loss Doubles to $626M on Import Tax

Correios posted Q1 loss of $626M (82% YoY) as international parcel revenue crashed 60.3% from Brazil's import tax on low-value e-commerce. Tech managers must track the lesson: tariff policy can obliterate revenue segments and force Treasury bailouts, reshaping logistics stack choices and supplier viability assessments.