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Lula, Trump Discuss Trade and Sanctions as Brazil Seeks Full U.S. Tariff Rollback

Brazil is pushing to start negotiations on remaining duties following U.S. tariff relief on several agricultural products last month.

Overview

  • Presidents Luiz Inácio Lula da Silva and Donald Trump spoke by phone on December 2, reestablishing direct high-level contact.
  • Lula asked to begin talks promptly to remove the remaining U.S. import tariffs on Brazilian goods, according to his press office.
  • Trump described the call as very good and said they discussed trade and current U.S. sanctions on Brazil.
  • Both leaders raised closer cooperation on regional security, with Trump expressing full readiness to work with Brazil against international organized crime.
  • November executive actions from Washington reduced or exempted dozens of Brazilian farm items from prior tariffs, including a 40% surcharge on some goods and relief from a 10% universal levy.