Overview
- The presidents met on the sidelines of the ASEAN summit in Kuala Lumpur and agreed to start discussions right away.
- No rollback was announced, so the higher U.S. tariffs that added about 40 percentage points remain in effect.
- Trump voiced confidence that a deal can be reached quickly, calling the relationship strong and mutually beneficial.
- Lula arrived with a written agenda translated into English, signaling Brazil’s priorities for the talks.
- Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer were tapped to support the follow‑up negotiations.