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Lula and Trump Hold Hourlong Call to Restart U.S.-Brazil Trade Talks

The conversation signals a tactical thaw that may lead to renewed technical meetings to resolve U.S. tariffs before Brazil's October election.

Overview

  • Brazil’s presidency said the leaders spoke in a friendly tone for about an hour to an hour and 20 minutes on Friday and discussed U.S. tariffs on Brazilian goods.
  • Lula pressed for expedited negotiations and Trump proposed that officials from both governments meet as soon as possible to resume technical talks.
  • U.S. trade officials contacted Brazil after the call, with USTR Jamieson Greer seeking meetings and Brazil saying trade minister Márcio Elias Rosa may attend talks next week.
  • The call also covered security cooperation, with Lula insisting Brazil will cooperate on organized crime but rejecting U.S. labels that equate criminal gangs with terrorist groups.
  • The talks come after July tariff moves that added a 25% levy and forced-labor linked duties on many Brazilian products, a dispute that has political weight ahead of Brazil’s October election and could affect commodity exports and prices.