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[BUSINESS] · Brazil, India, United States · 58 sources

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Brazil expands India trade ties while preparing U.S. tariff negotiations

Brazil is pursuing a dual-track economic strategy to mitigate the impact of U.S. trade barriers while expanding its presence in Asian markets. On Thursday, ApexBrasil and the Confederation of Indian Industries signed a non-binding memorandum of understanding in Brasília. The agreement aims to foster business cooperation, exchange market data, and promote the internationalization of small and medium-sized enterprises, with a goal of increasing bilateral trade to US$ 20 billion by 2030.

Simultaneously, the Brazilian government is preparing to resume technical negotiations with the United States to address recent tariffs. Following a telephone conversation between Presidents Luiz Inácio Lula da Silva and Donald Trump, a virtual meeting has been scheduled for Monday, August 31, at 14:30 Brasília time. The meeting will involve Brazilian Minister of Development Márcio Elias Rosa, Foreign Minister Mauro Vieira, and U.S. Trade Representative Jamieson Greer.

The discussions follow the imposition of U.S. surcharges on Brazilian products, including a 25% tariff in July and a subsequent 12.5% tariff linked to allegations regarding forced labor. These measures affect approximately US$ 6.6 billion in Brazilian exports. Brazil has requested consultations through the World Trade Organization to contest these barriers.

Entities

ApexBrasil · Brazil · Confederation of Indian Industries · Donald Trump · Jamieson Greer · Luiz Inácio Lula da Silva · Márcio Elias Rosa · Recep Erdoğan · Turkey · United States Trade Representative

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