"Brazil's leader Luiz Inácio Lula da Silva expressed confidence on Monday that his country and the United States will reach a trade deal. U.S. President Donald Trump also signaled that a deal is likely. The statements came a day after the two presidents held talks on the sidelines of a regional summit in Kuala Lumpur, Malaysia's capital, which Lula described as a "very good meeting." Trump, who headed to Japan from Malaysia, also said he and Lula "had a great meeting" on Sunday. "We'll see what happens," Trump told reporters aboard Air Force One en route to Tokyo. "They'd like to do a deal.""
"According to Lula, he presented Trump with a written document outlining arguments against the U.S. tariff hikes that Lula said acknowledged the United States has the right to impose the measures, its move was based on "mistaken information.""
""He guaranteed to me that we will reach an agreement," Lula told a news conference, speaking through an interpreter. "I am very confident that in a few days we will reach a solution.""
Brazilian President Luiz Inácio Lula da Silva expressed confidence that Brazil and the United States will reach a trade deal after talks with U.S. President Donald Trump in Kuala Lumpur. Trump signaled a deal is likely and told reporters aboard Air Force One that the sides would see what happens and that they would like to do a deal. Lula presented a written document arguing U.S. tariff hikes were based on mistaken information while acknowledging the U.S. right to impose measures. Trump did not commit to suspending the tariffs during talks. The United States had imposed a 40% tariff in July on top of an earlier 10% increase, citing Brazil's policies and prosecution of former President Jair Bolsonaro. Lula said he was very confident a solution would be reached in a few days.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]