The meeting, which took place after several attempts at coordination, seeks to alleviate trade tensions derived from the protectionist policy of the US president’s administration.
The presidents of United States and Brazil, Donald Trump and Luiz Inácio Lula da Silvaheld a bilateral meeting within the framework of the Southeast Asia Summit (ASEAN)which is celebrated in Malaysia. The main point on the agenda was the possibility of reduce the 50% tariffs that Washington currently imposes on Brazilian exports.
The meeting, which took place after several coordination attempts, seeks Ease trade tensions stemming from the administration’s protectionist policy trump. The American president hinted that He would be willing to review Brazil’s case “if the right conditions arise.”
Donald Trump and Lula approach positions and analyze reducing US tariffs on Brazil
“It is an honor to meet with the president of Brazil. I am convinced that we will be able to reach beneficial agreements for both countries. Our relationship has always been good and I hope it continues to strengthen”expressed trump before the start of the match.
Among the highlighted topics is the soybean trade, a key sector for both economies. Since China stopped buying American grains in the context of the tariff war, Brazil has consolidated itself as its main supplier. In fact, the South American country’s exports could reach 102.2 million tons until the end of October, surpassing the records of the previous two years.
Trump and Lula They have been cultivating a closer bond since September. They greeted each other during the UN General Assembly and they held a half-hour telephone conversation at the beginning of this month, where they had already addressed trade and bilateral cooperation issues.
Source: Ambito
