Foreign Minister Mauro Vieira will hold a meeting with Secretary of State Marco Rubio to discuss the 50% tariffs imposed by the US.
The president of Brazil, Luiz Inácio Lula da Silvaconfirmed that his government and the United States will maintain negotiations this Thursday to address the recent 50% increase in tariffs on Brazilian products ordered by the North American president donald trump. The president avoided specifying the place or type of the meeting, which marks a new chapter of commercial tension.
He foreign minister, Mauro Vieiratraveled to Washington to meet with him Secretary of State Marco Rubioappointed by Trump to represent the United States in bilateral talks.
Both officials had already maintained a telephone communication last week, where they agreed to hold a face-to-face meeting to discuss the economic impact of the new trade measures.
Trump recently announced the implementation of a 50% tariff to exports of various Brazilian products to the United States, arguing reasons political and judicialincluding the conviction of the former president Jair Bolsonaro to 27 years in prison for attempted coup d’état.
From the Lula government, they consider that the measure has a punitive and unjustified natureand seek to reestablish a diplomatic dialogue that allows review or mitigate the effects of the decision on the Brazilian industry and its trade balance with Washington.
Brazil’s arguments to defend the US tariff reduction
The Minister of Finance, Fernando Haddad, He announced that Brazil presented its best economic arguments to try to reverse the so-called “tarifazo” imposed by the US that not only affected the South American giant but also a good part of the countries of the world, within the framework of Trump’s trade policy through which he seeks to reverse the trade deficit and combat the growth of China.
Haddad recalled that the United States maintains a trade surplus with Brazil, and highlighted the investment opportunities that the South American country offers, especially in sectors linked to ecological transition, critical minerals, rare earths and clean energy such as wind and solar.
He “high rate” It is part of the new commercial policy of the White House, promoted by the president Trump, which seeks to increase profits against various trading partners in an attempt to reverse the loss of competitiveness of the US economy compared to other nations.
In the Brazilian case, on August 6, a 50 percent tariff came into force on almost 4,000 Brazilian products. Trump justified the measure by pointing out that large American technology companies were being harmed and in protest of what was demonstrated by a “hunt” against former President Jair Bolsonaro, finally sentenced to more than 27 years in prison for leading an attempted coup d’état after losing the 2022 elections.
Source: Ambito
