Vice stressed that President Lula’s guidance is to seek an advance in the negotiations, aiming at a result that benefits both parties
The acting president, he proposed to the government of the implementation of a “chain density” for products that are exported between the two countries, suggesting the creation of specific quotas. He stressed that the president’s orientation is to seek an advance in negotiations, aiming at a result that benefits both parties.
“Brazil’s relationship with the United States is 200 years old, it is a secular relationship. Brazil is no problem for the United States. The United States has a trade scale surplus with Brazil, both in the service sector and in the goods sector. In the 10 products that the US exports to us, 8 have zero fare. The average final fare is 2.7%. I had a conversation with the secretary [de Comércio dos EUA, Howard] Lutnick and the ambassador, I exposed the questions and put that we should take new opportunities to make a chain densification to make economic complementarity, ”said Alckmin.
The 25% increase in steel and aluminum import tariffs was another point addressed by Alckmin during an event in which it participated remotely, which warned of the difficulties it can bring to the Brazilian steel industry. He noted that Brazil lacks significant partners for the sale of these metals, which makes the situation even more delicate
Despite the concern with the new rates, the Brazilian government chose not to immediately retaliate the United States after the implementation of this measure. The Institute of Applied Economic Research (Ipea) assessed that while new tariffs should not have a significant impact on Brazil’s GDP, the steel industry may face challenges, with a possible 2.19% reduction in production and a 11.27% drop in exports.
*Report produced with the aid of AI
Posted by Fernando Dias
