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3mo ago

Lula Travels to G7 as Brazil and U.S. Continue Technical Talks Over Proposed Tariffs

Technical talks plus a USTR comment period culminating in a July 15 White House decision will determine whether proposed U.S. duties that could sharply raise costs for Brazilian exports proceed

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Os presidentes Donald Trump e Lula na Casa Branca

Overview

  • The U.S. Trade Representative recommended an extra 25% tariff for alleged unfair trade practices and a separate 12.5% surcharge tied to forced‑labor concerns, a package that could total 37.5%.
  • Brazil and U.S. trade teams held a virtual ministerial meeting on June 13 between Industry Minister Márcio Elias Rosa and USTR’s Jamieson Greer and scheduled further technical sessions next week to try to narrow differences.
  • President Lula advanced his trip to the G7 to arrive before the summit’s opening in hopes of informal contact with President Trump while no formal bilateral meeting has been requested by either side.
  • The Palácio do Planalto is directing a restrained diplomatic tone from Lula at the G7 and assesses the 25% tariff may be negotiable while the 12.5% forced‑labor surcharge is largely consolidated.
  • Separately, the European Union has moved to ban certain Brazilian meat, fish and honey imports effective September 3, creating an added near‑term export and reputational pressure for Brazil.