Trump’s tariff: Days of the end of the truce, USA only signed two trade agreements; Brazil is not one of them

US President determined a 90 -day break in reciprocal tariffs, which ends on July 9. Brazil still tries a negotiation. Understand how Trump fares may affect Brazil with less two weeks to the end of the 90 -day break in reciprocal tariffs instituted by US President Donald Trump, the United States has signed only two commercial agreements – and Brazil is not on this list. In theory, the end of the deadline would be on July 9. This Friday (27), Trump said the final date for negotiations of the so-called “reciprocal tariffs” is not yet completely defined. “The date of July 9 is not fixed, we can do whatever we want. We can extend [o prazo]we can shorten. I would like to shorten, “he said. The first US trade agreement was with the United Kingdom. Announced in early May, the treaty reaped quotas and reduced tariffs applied by both countries on imported products. The US kept a 10% tariff over imported British products. To its markets. Earlier this month, the US came to a consensus with China after months of impasse. However, the agreement still depends on the official approval of the leaders of both countries – which has not yet happened. Two agreements do not cover most of the more than 180 countries affected by the Republican rates announced in early April. Whether for reasons related to commercial policy itself or geopolitics, “says Frederico Nobre, Warren’s investment manager. Last month, part of the efforts aimed at negotiating new trade agreements was redirected to the conflict between Israel and Iran. First, there was a US military intervention-which attacked Iranian nuclear facilities-and later a Trump mediation for a ceasefire. From the delay in the negotiations and the proximity of the deadline, experts heard by the G1, say that the expectation is now a extension of the suspension by the US, allowing the completion of the ongoing negotiations. “They did not have enough time to negotiate,” says Welber Barral, former secretary of foreign trade and founding partner of BMJ Associated Consultants. South Korea, European Union (EU) and Japan. “So they will probably need to keep this suspension for a while, and these negotiations will take more work than they imagined,” says Barral. Trying to negotiate with the USA. In the last dome of the G7, held this month, leaders of the main economies tried to advance with their own agreements. The time limit of tariffs in July. Leaders of the European Union gathered on Thursday (26) to discuss whether they choose a fast trade agreement or if they are still looking for more advantageous conditions. estar em negociações com os EUA estão: Índia; Canadá; Taiwan; Austrália; Paquistão; México; União Europeia; Suíça; Itália; Alemanha; Tailândia, entre outros. E o Brasil? Embora o Brasil não tenha sido um dos mais impactados pelas tarifas, com alíquota de 10%, especialistas destacam que o país continua sujeito às tarifas sobre aço e alumínio, em vigor desde o início deste mês. Once fixed by 25%, the rates were elevated to 50% through a decree signed by Trump. Steel and aluminum are strategic products for Brazilian exports, and Brazil is one of the main steel suppliers for the US. Companies with a strong presence in the foreign market. [Ministério do Desenvolvimento, Indústria, Comércio e Serviços]to ensure that preferred quotas or tariff exemptions are applied to Brazilian steel, “says Nobre of Warren. Development Minister and Vice President Geraldo Alckmin has pronounced a few times in recent months on the impacts of Trump rates for Brazil and the world, but without detailing the progress of negotiations. Earlier this month, Alckmin said that the best way to mitigate the effects would deepen the effects. Dialogue with Americans, highlighting the creation of a bilateral working group with the US Secretary of Commerce, Howard Lutnick, and USTR (US Trade Representative). It has been performed to continue the negotiations. “At this time, while negotiations are still in progress, it is not possible to disclose details about the content of the discussions, under penalty of impacting the progress and effectiveness of the negotiating process,” said the MDIC added that it is still committed to the defense of the interests of Brazilian exporters, “both in relation to reciprocal tariffs and in the face of measures under the national security argument.” Between Brazil and the United States is solid, historical and strategic for both countries. The US maintains commercial surplus with Brazil, and the exchange between the two economies is complementary, bringing mutual benefits, “the ministry adds.

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