Overview

• Trump said he and President Lula agreed to talk next week to address the 50% surcharge on Brazilian exports.
• Brazilian officials expect the conversation to occur remotely by phone or videoconference.
• Vice‑president Geraldo Alckmin welcomed the initial contact and said the goal is to advance toward an agreement to resolve the tarifaço.
• Alckmin outlined the ‘Brasil Soberano’ mitigation plan, including targeted credit for affected sectors and a one‑year extension for exports under the drawback regime.
• He noted that U.S. companies won a 7–4 ruling at the U.S. Court of International Trade against the measure, which now awaits review by the U.S. Supreme Court.