Overview

• Lula requested removal of the additional 40% surtax on Brazilian goods and U.S. sanctions on Brazilian officials during a 30-minute call.
• The leaders agreed to meet soon, exchanged direct numbers, and Trump assigned Secretary of State Marco Rubio to lead follow-up negotiations with Brazil's vice president, foreign minister and finance minister.
• Brazil's readout floated an in-person meeting at the ASEAN summit in Malaysia or a visit by Lula to Washington.
• The U.S. measures raise many tariffs to roughly 50% and include Magnitsky sanctions on Supreme Court Justice Alexandre de Moraes, with coffee and beef exports reported as hit hard.
• Trump called the exchange "very good" with a focus on trade, while Brazilian officials labeled it "positive" and "better than expected" as the punitive steps remain in place.