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[BUSINESS] · Brazil, United States · 96 sources

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Brazil and U.S. resume trade talks over recent tariffs

Brazil and the United States have resumed trade negotiations following a telephone conversation between Presidents Luiz Inácio Lula da Silva and Donald Trump on August 21. The discussions aim to address recent unilateral tariffs imposed by Washington in July, which include a 25% levy on various Brazilian products and an additional 12.5% surtax linked to allegations regarding forced labor practices.

Brazilian ministers Mauro Vieira and Márcio Elias Rosa held a virtual meeting with U.S. Trade Representative Jamieson Greer to discuss the measures. Brazil has characterized the tariffs as discriminatory, unfair, and incompatible with international trade rules, arguing that the justifications—which include issues with the Pix payment system and ethanol market access—do not reflect actual Brazilian practices.

While no immediate breakthroughs were achieved, both nations agreed to continue technical meetings in the coming weeks. Brazil's strategy involves seeking to expand the list of product exceptions to minimize the economic impact, which could reach a cumulative rate of 37.5% for certain exports.

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Donald Trump · Jamieson Greer · Luiz Inácio Lula da Silva · Lula · Mauro Vieira · Márcio Elias Rosa · Office of the United States Trade Representative · United States Trade Representative

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