Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Brazil, US agree to hold new meetings to discuss tariffs as talks resume

Brazil, US agree to hold new meetings to discuss tariffs as talks resume

Brazilian and U.S. officials engaged in a virtual discussion on Monday to address tariffs imposed by the Trump administration, according to Brazil’s industry and trade ministry. Brazilian Foreign Minister Mauro Vieira and Industry and Trade Minister Marcio Elias Rosa met with U.S. Trade Representative Jamie Greer via video conference. The parties agreed to convene again at the ministerial level to assess the outcomes of upcoming technical meetings scheduled for the coming weeks.

However, Minister Rosa acknowledged to journalists that no progress was made on any of the negotiating points during these talks. Earlier in July, the U.S. had imposed a 25% tariff on Brazilian imports, claiming unfair trade practices. Subsequently, the U.S. also implemented a 12.5% tariff on Brazilian products as part of a broader measure affecting multiple nations suspected of inadequately enforcing forced labor bans.

Brazilian authorities consistently communicated to Greer their disagreement with these measures, stating they are not in line with multilateral trade rules.

Monday’s meeting followed a telephone conversation between Brazil’s President Luiz Inacio Lula da Silva and U.S. President Donald Trump, where the topic of tariffs was discussed earlier this month.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at investing.com →

More in Finance & Markets

APM Terminals breaks ground for terminal in Laldia

Built from the ground up through the landmark Bangladesh–Denmark Government-to-Government partnership, the terminal will add 800,000 TEU of new capacity, welcome vessels of up to 6,000 TEU, and create…

  • APM Terminals breaks ground in Chattogram for $550 million Laldia terminal
  • Project adds 800,000 TEU capacity and 6,000 TEU vessel handling
  • Terminal to open in 2030 with 1,000+ construction and 500+ operational jobs

More from Monday 31 August →