Finance30 September, 20262 min read
Brazil And United States Form Working Group To Discuss US Tariffs In Milwaukee
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Brazil and United States form a working group to discuss US tariffs on Brazilian goods. A US proposal will be submitted in coming weeks outlining the scope of negotiations.
Working Group in Milwaukee
Brazil and the United States agreed to form a working group to discuss US tariffs on Brazilian goods and other bilateral trade issues, after talks between Brazilian Foreign Minister Mauro Vieira, Development, Industry, Trade and Services Minister Marcio Elias Rosa and U.S. Trade Representative Jamieson Greer in Milwaukee, Wisconsin.
Washington is expected to submit a proposal in the coming weeks defining the scope of negotiations, including tariffs and other trade barriers, according to Brazil's Ministry of Development, Industry, Trade and Services.
Washington announced a 25% Section 301 tariff on certain Brazilian goods on July 15, followed by an additional 12.5% tariff on certain Brazilian imports on July 23, and the ministry said both measures affected some Brazilian exports.
Brazil is seeking a "full tariff reduction" in talks with the US, and Rosa said the tariff cuts Brazil is seeking include all US Section 232 tariffs on steel and aluminum, the 12.5% duty related to US forced labor allegations and a 25% tariff imposed under a Section 301 unfair trade practices investigation.
Tariffs, Scope, and Minerals
The US will submit a proposal in the coming weeks setting out the scope of negotiations, including tariff and non-tariff issues, after Rosa met Greer on the sidelines of a G20 meeting in Milwaukee. Rosa told reporters that Greer did not bring up potential new tariffs of 100% on Brazil's purchases of Russian oil products under a sweeping new US sanctions law aimed at ending Russia's war in Ukraine.
Rosa said accessing Brazil's critical minerals wealth could become part of trade talks with the US, while Brazil would offer similar opportunities to other countries if there are value-added investments in processing. Reuters further said the meeting built on bilateral engagement following a phone call in August between US President Donald Trump and his Brazilian counterpart, Luiz Inacio Lula da Silva, and it added that Brazil does not intend to use its so-called reciprocity law over tariffs against the US while trade talks continue.
Dialogue, Speed, and Stakes
Brazil's Ministry of Development, Industry, Trade and Services said the Brazilian ministers reaffirmed their willingness to seek solutions through dialogue and negotiation while protecting Brazil's interests and expanding opportunities for businesses in both countries.
“Brazil believes in multilateralism, dialogue and negotiation. We will not abandon these principles.”
Both sides aim to move swiftly toward a mutually acceptable understanding, and it described the working group as a step toward a potential agreement on trade.
Latin Times framed the Milwaukee session as the first in-person talks since Washington imposed tariffs of up to 37.5% on Brazilian exports, and it said the combined total reaches 37.5% for some Brazilian exporters.
Latin Times also quoted Marcio Elias Rosa saying, "Brazil believes in multilateralism, dialogue and negotiation. We will not abandon these principles," as the tariff measures and negotiations intersected with political stakes and the ballot opening in four days.