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Brazil’s Lula Calls on Trump to Pause Extra 40 Percent Tariff
(MENAFN) Brazilian President Luiz Inacio Lula da Silva has formally urged U.S. President Donald Trump to halt an additional 40 percent Tariff on Brazilian goods while bilateral trade discussions advance, officials confirmed Friday.
Vice President and Minister of Development, Industry, Trade and Services Geraldo Alckmin disclosed the diplomatic appeal, stating: "The president has requested that the tariff be paused while negotiations are underway. We must wait."
Alckmin characterized ongoing negotiations between Brasilia and Washington as productive, noting "continue to make progress" following the Trump administration's decision to narrow the breadth of its original tariff framework. The initial measure had targeted nearly 4,000 product categories under a combined 50 percent duty.
The minister highlighted that when Trump first signed the executive order imposing the duties, 37 percent of Brazilian exports faced the stacked 10 percent plus 40 percent tariff structure.
That exposure has since contracted to 22 percent—representing approximately one-third fewer products than initially affected by the levies, Alckmin reported.
Current trade dynamics show 51 percent of Brazil's exports now encounter either zero or 10 percent tariff rates, while 27 percent remain under Section 232 provisions, positioning Brazilian goods "very close to what other competitors face," according to Alckmin.
The development signals intensifying economic diplomacy as Latin America's largest economy seeks to minimize trade friction with its second-largest trading partner amid escalating global protectionist pressures.
Vice President and Minister of Development, Industry, Trade and Services Geraldo Alckmin disclosed the diplomatic appeal, stating: "The president has requested that the tariff be paused while negotiations are underway. We must wait."
Alckmin characterized ongoing negotiations between Brasilia and Washington as productive, noting "continue to make progress" following the Trump administration's decision to narrow the breadth of its original tariff framework. The initial measure had targeted nearly 4,000 product categories under a combined 50 percent duty.
The minister highlighted that when Trump first signed the executive order imposing the duties, 37 percent of Brazilian exports faced the stacked 10 percent plus 40 percent tariff structure.
That exposure has since contracted to 22 percent—representing approximately one-third fewer products than initially affected by the levies, Alckmin reported.
Current trade dynamics show 51 percent of Brazil's exports now encounter either zero or 10 percent tariff rates, while 27 percent remain under Section 232 provisions, positioning Brazilian goods "very close to what other competitors face," according to Alckmin.
The development signals intensifying economic diplomacy as Latin America's largest economy seeks to minimize trade friction with its second-largest trading partner amid escalating global protectionist pressures.
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