Lula Seeks Trade Agreement While Trump Links Tariffs to Bolsonaro Controversy
- Brazil's Lula and Trump agreed to immediate U.S.-Brazil trade negotiations after ASEAN summit talks, with Lula citing Trump's assurance of a swift resolution. - U.S. imposed 50% tariffs on Brazilian imports in August, linking them to Bolsonaro's legal issues, straining relations and disrupting $410B trade surplus. - Brazilian industry groups welcomed dialogue as tariffs raised U.S. prices, while Lula urged U.S. to respect Venezuela's sovereignty during the summit. - Trump hinted at broader regional deals
After meeting with Donald Trump at the ASEAN summit in Malaysia, Brazilian President Luiz Inácio Lula da Silva expressed hope for a possible trade agreement between the U.S. and Brazil, even as disputes over tariffs and diplomatic strains related to Jair Bolsonaro’s legal issues persist. The two presidents, who had a short but reportedly positive conversation on October 26, agreed to start talks right away to address the conflict. Lula stated that Trump “promised” a solution would be reached “sooner than anyone expects,” as noted in an
In August, the U.S. enacted 50% tariffs on most goods imported from Brazil, a decision Trump linked to what he described as a “witch hunt” against Bolsonaro, who was recently found guilty of attempting a coup after his 2022 election defeat. These tariffs, which affected a $410 billion U.S. trade surplus with Brazil over the past 15 years, have heightened tensions between the countries. Lula criticized the tariffs as a “mistake” and defended Brazil’s economic interests, according to an
During their discussion in Malaysia, Lula insisted that Bolsonaro’s legal matters should not influence trade talks, saying, “Bolsonaro is now a figure of the past in Brazil’s history,” as reported by
Brazil’s foreign minister, Mauro Vieira, announced that negotiation teams from both countries would begin talks “right away,” aiming to pause the tariffs during discussions, according to
Lula also took the opportunity to criticize U.S. actions in Venezuela, calling for adherence to international law and respect for sovereignty, as mentioned in another
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