Brazil Secures U.S. Commitment to Structured Tariff Talks as EU Signals Partial Reopening and China Beef Quota Lapses

Overview

• Brazil and the United States agreed at G20 ministerial meetings in Milwaukee that the U.S. Trade Representative Jamieson Greer will deliver a detailed proposal in the coming weeks and that a bilateral working group will manage further negotiations.
• The U.S. document is expected to spell out both tariff and non‑tariff demands and to identify priority sectors such as tech regulation, industrial goods, chemicals, electronics, ethanol, and critical minerals.
• No suspension of U.S. tariffs was agreed and American duties remain active, leaving Brazilian exporters in sectors like footwear, wooden furniture and textiles still subject to higher costs.
• The European Commission found Brazil’s poultry and honey production controls satisfactory in a recent audit and signaled it may lift bans on those products, but EU restrictions on Brazilian beef have not been resolved.
• China’s import quota for Brazilian beef exhausted on Oct. 1, triggering applied tariffs of roughly 67%, and Brazil is seeking an additional quota with no deal yet, which could sharply raise costs for exporters and shift trade flows.