Ambev S.A. ($ABEV)

H.J. Res. 147 is an early-stage resolution to terminate a 40% tariff on certain Brazilian imports under a July 2025 national emergency. The bill has only been referred to committee with minimal cosponsor support, making near-term passage unlikely. For tickers like $ABEV and $BRFS, the tariff removal would reduce costs on U.S.-bound products, but revenue exposure is small and legislative probability is low, so market impact is negligible.

→ Elimination of the 40% cost adder for Brazilian beer imports into the U.S., reducing landed cost for Ambev's products by up to 40% on affected SKUs.