Brazil-U.S. Tariff Talks Amid Political Tensions
Brazilian Vice President Geraldo Alckmin discussed U.S. tariffs on Brazilian imports with U.S. Commerce Secretary Howard Lutnick. The conversation aimed at negotiating the proposed 50% tariffs linked to judicial actions against former Brazilian President Jair Bolsonaro. The issue highlights political tensions affecting trade dynamics.
- Country:
- Brazil
Brazilian Vice President Geraldo Alckmin has reaffirmed his country's intent to negotiate with the United States over proposed tariffs during discussions with U.S. Commerce Secretary Howard Lutnick.
In a statement on Thursday, Alckmin revealed that they engaged in a constructive dialogue lasting about an hour, focusing on the issues at hand.
The U.S. has declared a 50% tariff on Brazilian imports, effective August 1, which President Donald Trump has associated with legal proceedings against Jair Bolsonaro, the former Brazilian leader accused of undeclared coup plotting.
(With inputs from agencies.)
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