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PT_BR The decision was made after a video conference between the Vice President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, and the United States Secretary of Commerce, Howard Lutnick, and the US Trade Representative, Jamieson Greer.
Photos: Claudio Neves
The conversation, which lasted about 50 minutes late in the afternoon of last Thursday (06), took place the day after the speech in which the US President, Donald Trump, mentioned Brazil among the countries on which he threatens to impose trade tariffs. For about 90 minutes, Trump explained the priorities of the new government to the US Congress.
According to the Ministry of Development, Industry, Commerce and Services (MDIC), the meeting highlighted the results of the trade balance and presented the details of the reciprocal tariff policy.
According to the ministry, there was convergence regarding the positive aspects of the relationship between Brazil and the United States. “The vice president considered the conversation positive and believes that, through dialogue, it will be possible to reach a good understanding on tariff policy and other issues involving trade policy between the countries,” highlighted the Mdic note.
Alckmin reminded his American colleague that Brazil and the United States have a trade volume of around US$1.5 billion per year. Considering the trade balance (exports minus imports), the United States has a surplus of US$1.5 billion with Brazil.
The vice president and minister also highlighted that, of the ten products that Brazil imports most from the United States, eight have zero tariffs. “The weighted average tariff actually collected is 2.73%, well below the nominal tariffs,” highlighted the MDIC.
Alckmin also highlighted that Brazil has the seventh largest trade surplus in goods with the United States. When goods and services are added together, the United States' trade surplus with Brazil exceeds US$15T 25 billion, meaning that Brazil imports US$15T 25 billion more than it exports to the United States. “The vice president highlighted that the Brazilian government's intention is to strengthen economic complementarity between the countries and increase reciprocity, strengthen our companies and, above all, contribute to good trade practices between the two countries,” the MDIC note highlighted.
