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Lula asks Trump to lift 40 percent tariff from Brazilian goods

Lula asks Trump to lift 40 percent tariff from Brazilian goods

Summary

Brazilian President Luiz Inacio Lula da Silva asked U.S. President Donald Trump to remove a 40 percent tariff on Brazilian goods during a phone call. They discussed economic and trade issues, and exchanged contact information to keep communication open. Lula also invited Trump to a climate summit in Brazil.

Key Facts

  • President Lula asked President Trump to lift a 40 percent tariff on Brazilian imports.
  • The two leaders spoke on the phone for 30 minutes.
  • They exchanged phone numbers to maintain direct contact.
  • Lula invited Trump to a climate summit in Belem, Brazil.
  • President Trump mentioned continuing conversations on economic and trade matters.
  • The 40 percent tariff was added in July on top of a previous 10 percent tariff.
  • Lula highlighted that Brazil is one of the few G20 countries with which the U.S. has a trade surplus.
  • The Trump administration cited Brazilian policies and the prosecution of Jair Bolsonaro as reasons for the tariffs.

Source Information