Brazilian Finance Minister Fernando Haddad has said that Brazil and the United States are negotiating the terms of an understanding on tariffs.
The minister said on Sunday that he spoke to the US Treasury Secretary Scott Bessent “on behalf of the region,”; since it doesn’t make sense to impose tariffs on South America due to the trade deficits the countries have with the United States.
“The most important thing at this moment is to say that we are at a table negotiating the terms of an understanding.
“I believe that the Secretary’s attitude was very fruitful and demonstrated a very important openness to dialogue,”; he said.
DAILY POST reports that Bessent has been meeting with leaders of various countries since the US President Donald Trump announced sweeping tariffs on April 2.
Brazil came under the 10% tariff on most US imports.
