"A trade deal between Brazil and the United States could be sealed within days, Brazilian President Luiz Inacio Lula da Silva has asserted. Lula made the statement in Kuala Lumpur on Monday after meeting with US President Donald Trump. Lula has been seeking a deal since the White House slapped a 50 percent tariff on Brazilian exports in July due to legal pressure on Trump ally and former President Jair Bolsonaro."
"He guaranteed to me that we will reach an agreement, Lula told a news conference. I am very confident that in a few days we will reach a solution. Later, as he made his way to Japan, Trump also signalled that a deal is likely following a great meeting. We'll see what happens, the US president told reporters. They'd like to do a deal."
"A deal could avert punitive US tariffs after months of animosity between Lula and Trump, whose relationship has warmed since an unscheduled meeting at the United Nations in New York earlier this month. The Trump administration imposed a tariff of 50 percent on Brazilian products in July. It linked the decision to what the US president described as a witch hunt against Bolsonaro. Lula said that during the meeting in Malaysia he had presented Trump with a document outlining arguments against the tariff hike."
Brazil and the United States appear near a trade agreement that could resolve a tariff dispute within days. Brazilian President Luiz Inacio Lula da Silva met US President Donald Trump in Kuala Lumpur and received assurances that an agreement is possible soon. The United States imposed a 50 percent tariff on Brazilian products in July, citing legal pressure on former President Jair Bolsonaro. Lula presented a document arguing the tariff was based on mistaken information while acknowledging US authority to impose measures. Trump indicated interest in a deal but did not commit to suspending the tariffs immediately.
Read at www.aljazeera.com
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