Asia

Brazil’s Lula meets with US to seeks tariff solutions ‘immediately’

US Treasury Secretary Scott Bessent, Secretary of State Marco Rubio and Trade Representative Jamieson Greer were present at the meeting, Vieira said.

“We hope to conclude bilateral negotiations that address each of the sectors of the current American (tariffs on) Brazil in the near future, in a few weeks,” Vieira added.

Bolsonaro was not mentioned in the meeting, said Marcio Rosa, the executive secretary for Brazil‘s ministry of development, industry and commerce, who stood next to Vieira.

Higher US tariffs on Brazilian goods have begun reshaping the global beef trade, pushing up prices in the United States and encouraging triangulation via third countries such as Mexico, while Brazilian exports to its biggest beef market, China, are booming.

Brazilian beef industry group Abiec said it viewed the meeting between the two leaders as a positive step.

“The understanding between the two countries can preserve the competitiveness of the Brazilian product, guarantee predictability for exporters and expand the presence of (Brazilian) beef in the North American market,” it said in a statement.

Source: CNA

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