"Earlier, Trump had said he could reduce tariffs on Brazil that he had enacted in a push for leniency for Brazil's imprisoned former president, a Trump ally. "I think we should be able to make some good deals for both countries," Trump had said after meeting Lula. 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.""
"Trump didn't commit to suspending the tariff hikes, nor raised any conditions during their talks, Lula said. "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." The Trump administration imposed a 40% tariff on Brazilian products in July on top of a 10% tariff hike earlier."
Brazil's president expressed confidence that Brazil and the United States will reach a trade deal after talks during a regional summit in Kuala Lumpur. U.S. President Donald Trump also signaled that a deal is likely and described their meeting as 'great.' The Trump administration had imposed cumulative 50% tariffs on Brazilian products, citing Brazil's policies and criminal prosecution of former President Jair Bolsonaro as an economic emergency. Lula presented Trump a written document arguing the U.S. tariffs were based on mistaken information while acknowledging U.S. authority to impose measures. Trump did not commit to suspending tariffs but indicated willingness to negotiate reductions.
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