Overview

• Brazil’s presidential press office said the leaders spoke for 30 minutes and agreed to a personal meeting.
• Lula pressed for cancellation of a roughly 40% surcharge and for lifting restrictive measures applied to Brazilian officials.
• Trump described the call as very good, said the countries will start doing business, and pledged to strengthen trade ties.
• Trump indicated plans for reciprocal visits, and Brazil floated a possible encounter on the sidelines of the ASEAN summit in Malaysia.
• U.S. tariffs imposed in early August reach up to 50% on some exports such as coffee and meat, with exemptions for pulp, aircraft parts, rare-earth metals and orange juice, and no rollback has been announced.