Economy|Donald TrumpLula asks Trump to lift 40 percent tariff from Brazilian goodsTrump had imposed a 40 percent US tariff on Brazilian goods in July on top of a 10 percent one earlier even though the United States has a trade surplus with Brazil.
Brazilian President Luiz Inacio Lula da Silva has formally requested the lifting of a 40 percent tariff imposed by the United States on Brazilian imports. This request was made during a 30-minute phone conversation with U.S. President Donald Trump on…
Brazilian President Luiz Inacio Lula da Silva has formally requested the lifting of a 40 percent tariff imposed by the United States on Brazilian imports. This request was made during a 30-minute phone conversation with U.S. President Donald Trump on Monday, where they also exchanged contact details for direct communication.
The dialogue between the leaders predominantly focused on trade and economic matters. Both parties expressed intentions to continue discussions and plan meetings in both Brazil and the United States in the near future.
The Trump administration initially imposed a 10 percent tariff on Brazilian products, which was increased to 40 percent in July. The rationale provided for these tariffs includes Brazil's domestic policies and the legal actions against former President Jair Bolsonaro, which the U.S. administration has described as an economic emergency.
Brazilian President Luiz Inacio Lula da Silva has formally requested the lifting of a 40 percent tariff imposed by the United States on Brazilian imports.
The Brazilian government has highlighted that Brazil is one of three G20 countries with which the United States maintains a trade surplus. The legal proceedings against former President Bolsonaro, who was convicted earlier this month for attempting a coup and sentenced to 27 years and three months in prison, have been cited as a factor in the tariff decision.
Based on reporting by Al Jazeera.
