More
    HomeNewsBrazil, US negotiating terms of understanding

    Brazil, US negotiating terms of understanding

    Published on

    Brazilian Finance Minister Fernando Haddad has confirmed that Brazil and the United States are in talks to reach an agreement on tariffs, following recent U.S. trade policy changes.

    Speaking on Sunday, Haddad said he discussed the issue with U.S. Treasury Secretary Scott Bessent, representing Brazil and the wider South American region. He argued that imposing tariffs on countries with trade deficits with the U.S., like many in South America, is counterproductive.

    “The most important thing at this moment is to say that we are at a table negotiating the terms of an understanding,” Haddad stated. He praised Secretary Bessent’s openness to dialogue, calling their conversation “very fruitful.”

    According to reports, these discussions follow U.S. President Donald Trump’s April 2 announcement of broad tariff measures. Brazil was included under a 10% tariff on most imports into the U.S.

    Latest articles

    Kenya court declares Kanu’s abduction, extraordinary rendition illegal, awards N200million cost

      A High court in Nairobi, Kenya has declared illegal the 2021 abduction of Mazi...

    Dalori sworn-in as APC Acting national chairman

      The All Progressives Congress has finally confirmed the exit of Dr Abdullahi Umar Ganduje...

    Tinubu honours Afreximbank boss Oramah with GCON for transformational leadership

        In a glowing tribute to decades of economic diplomacy and visionary banking leadership, President...

    Support Tinubu’s vision, group urges Nigerians in nationwide mobilisation drive

      BY TONY UDOKA The Integrity Group of Nigeria, and affiliate organization of the Tinubu Support...

    More like this

    Kenya court declares Kanu’s abduction, extraordinary rendition illegal, awards N200million cost

      A High court in Nairobi, Kenya has declared illegal the 2021 abduction of Mazi...

    Dalori sworn-in as APC Acting national chairman

      The All Progressives Congress has finally confirmed the exit of Dr Abdullahi Umar Ganduje...

    Tinubu honours Afreximbank boss Oramah with GCON for transformational leadership

        In a glowing tribute to decades of economic diplomacy and visionary banking leadership, President...