Minister of Institutional Affairs Gleich Hofmann (PT) celebrated this Friday (14 November) the announcement that US President Donald Trump had signed an executive order reducing tariffs imposed on agricultural products. The decision directly affects products that Brazil exports, including coffee, beef, bananas and acai.
“Brazil wins! Donald Trump has suspended tariffs on Brazilian coffee, meat, bananas and acai. Lula knows what he’s doing, and Brazil wins!” Graici said in a social media post.
The move was announced by the White House a day after Brazilian Foreign Minister Mauro Vieira met with US Secretary of State Marco Rubio. The meeting came amid negotiations to reduce the 50% tariffs imposed by the Trump administration on Brazilian products. As he left the discussion, the Brazilian prime minister said Brazil had presented a “general proposal” to address tariffs.
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Vieira said the US could respond on pricing on Friday (11/14)
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Brazil has presented a “general proposal” to the U.S. on tariffs, Vieira says.
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According to the North American government, this decision has retroactive effect and went into effect at 00:01 this Thursday (11/13).
In his executive order, President Trump justified the withdrawal by saying he had received “additional information and recommendations from various authorities.”
“After considering the information and recommendations provided to me by the authorities, the progress of negotiations with various trading partners, current domestic demand for certain products, and current domestic production capacity for certain products, I have determined that further changes to the range of products subject to the reciprocal tariffs imposed by Executive Order 14257 are necessary and appropriate,” President Trump said in a statement.
The ministries of Development, Industry, Commerce and Services, Finance, and Agriculture and Livestock are studying North American executive orders to understand the percentage of tax cuts, but the documents are not clear.
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