Brazil and US to open trade talks after 25% tariff dispute

  • Brazil and the United States agreed to establish a working group on potential trade negotiations.
  • The United States will propose negotiations covering tariffs and nontariff issues in the coming weeks.
  • Washington announced 25% tariffs on some Brazilian goods in July over alleged unfair trade practices.

Brazil and the United States will establish a working group to discuss a potential trade agreement following a Sept. 30 meeting between officials on the sidelines of the G20 trade ministers’ meeting in Milwaukee. The United States will submit a proposal in the coming weeks defining the scope of negotiations, including tariff and nontariff issues. The discussions follow Washington’s July announcement of 25% tariffs on some Brazilian goods over alleged unfair trade practices, alongside 12.5% tariffs tied to allegations of lax enforcement of forced labor bans. Brazil’s foreign minister, Mauro Vieira, Minister of Development, Industry, Trade and Services Marcio Elias Rosa and US Trade Representative Jamieson Greer attended the meeting. Brazil does not intend to invoke its so-called reciprocity law against US tariffs while negotiations continue, President Luiz Inacio Lula da Silva told CNN International.

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