The Brazilian Ministry of Development, Industry, Trade and Services announced on Wednesday that Brazil and the United States have reached an agreement to establish a working group. This group will be responsible for discussing American tariffs on Brazilian goods, as well as other issues of bilateral trade.
The agreement was reached following meetings between Brazilian Foreign Minister Mauro Vieira, Minister of Development, Industry, Trade and Services Marcio Elias Rosa, and U.S. Trade Representative Jamison Greer. These negotiations took place in Milwaukee, Wisconsin, USA.
The meeting occurred during the G20 Trade Ministers' meeting, which includes 19 countries, the European Union, and the African Union. The Ministry specified that Washington plans to present a proposal in the coming weeks outlining the scope of negotiations, including tariffs and other trade barriers.
Brazilian ministers confirmed their readiness to seek solutions through dialogue and negotiations while safeguarding Brazil's interests and expanding business opportunities in both countries.
Previously, Washington imposed a 25% Section 301 tariff on certain Brazilian goods on July 15, and subsequently introduced an additional measure on July 23 imposing a 12.5% tariff on some Brazilian imported goods. Both decisions affected Brazilian exports, according to the ministry.
