In addition to the vice president, other government ministers and bench leaders were in Brasilia for a meeting of the Workers Party Directory; Planalto points out that USA have surplus in the relationship with Brazil
The Brazilian government is intensifying its efforts to deal with the impact of the tariff imposed by the United States. At an event held by the Federal Government’s Workers Party (PT) discussed the country’s political and economic situation, focusing on commercial tariffs. Among those present were Senator Humberto Costa, the government leader in the House of Representatives, José Guimarães, Finance Minister Fernando Haddad, and Vice President Geraldo Alckmin, who is also Minister of Industry. This one pointed out that the government considers US tariffs unjustifiable, especially since Americans maintain a surplus in the business relationship.
During the event, some partial victories were mentioned in negotiations, such as the exclusion of certain 50%tariff products, although they are still subject to a 10%rate. However, sectors such as machines, shoes, coffee and meat remain strongly impacted. To mitigate these effects, the government has announced industry support measures, including a subsidized credit of 30 billion reais and the program believes export. In addition, the government seeks new international markets, such as the European Mercosur-Union Agreement, which should be signed by the end of the year.
Vice President Alckmin stressed the need to continue negotiations to reduce tariffs and open new markets. He pointed out that despite some reductions, products such as steel, aluminum and iron still face high tariffs. Also, he minimized the impact of American business measures: “Food, meat… If I didn’t sell there, I will have other markets. It won’t fall the world,” he said. Minister Haddad also emphasized the importance of maintaining national sovereignty in international negotiations, without giving up partnerships with the United States. He said that the focus is now on worker and real estate credit, with measures coordinated by the Ministry of Finance and the Central Bank.
In addition to negotiations with the United States, the Brazilian government is exploring new markets, such as India, to expand coffee exports. This strategy aims to diversify the destinations of Brazilian exports and reduce the dependence of the US market. With these actions, the government expects not only to mitigate the impacts of tariffs, but also strengthen the Brazilian economy on an increasingly competitive global scenario.
*With information and Aline Becketty
