Brazil and the United States agreed to continue negotiations on the tariffs imposed on Brazilian products and hold new technical meetings in the coming weeks. The first meeting after the new tariffs imposed by President Donald Trump on Brazil took place this Monday. The meeting involved US sectors responsible for international trade affairs, as well as Brazil's Ministry of Industry, Trade and Services and the Itamaraty.
It was agreed that new meetings will be scheduled to continue the discussions. The meetings should take place virtually, although in-person meetings are possible. This time, the negotiations will be conducted by technical areas, focusing on negotiating the specific points of Section 301 of the US Trade Act, which is the legal provision used to impose the rates on Brazilian products exported to the United States.
Brazil has also initiated the process under the Economic Reciprocity Law as part of its response strategy to American tariffs. This law establishes mechanisms for the country to adopt reciprocal measures against trade practices deemed unfair by other countries.
