Brazil's trade deficit with the United States: an unequal relationship: Despite being one of the largest economies in Latin America, Brazil maintains an unbalanced trade balance with the United States. According to data released by O Globo, in 2024 Brazil imported about $ 44 billion in American products, while Brazilian exports to the US added only $ 42 billion. That is, the country closed the year with a commercial deficit of approximately $ 2 billion. This result puts Brazil among the few business partners that maintain an unfavorable relationship with the United States. In practical terms, it means that Brazil buys more than it can sell to the US market, something that aggravates external dependence and reduces the competitiveness of national industry. In addition, the deficit occurs even in sectors where Brazil has export tradition, such as agribusiness and mining. Factors such as technical barriers, sanitary requirements and, especially, Trump's tariff wars...
Brazil and Angola strengthen partnership with new phase of economic cooperation and resumption of investments
President Luiz Inácio Lula da Silva received the President of Angola, João Lourenço, at the Planalto Palace on Friday (23) during an official visit during Africa Week in Brazil. The meeting strengthened the historical and diplomatic ties between the two nations and marked the beginning of a new phase of economic cooperation. During the meeting, Lula announced that Brazil intends to reactivate export financing lines for projects in Angola, with the support of the BNDES. Lula highlighted Angola's reliability as a partner, recalling that the African country paid off its debt to Brazil in advance, five years ahead of schedule. “There is no reason to be afraid of negotiating or granting credit to Angola. They honor their commitments,” he stated. The Chief Executive also highlighted the strategic role of Petrobras, advocating that the state-owned company resume its oil and gas prospecting activities in African territory. Furthermore, the Brazilian president signaled that he will work with Embraer and BNDES to facilitate the sale of three KC-390 aircraft to the Angolan Air Force. According to him, Embraer is prepared to contribute to the modernization of Angolan air and naval assets.
In response, João Lourenço thanked them for their support and expressed interest in expanding the presence of Brazilian investors in Angola, focusing on areas such as infrastructure, energy, highways and ports. He was optimistic about the reopening of export credit lines by Brazil.
Brazil and Angola share a deep historical connection. Both were Portuguese colonies and are now part of the Community of Portuguese Language Countries (CPLP). Brazil was the first country to recognize Angola's independence, in 1975, and since 2010 the African country has been considered a strategic partner in Brazilian foreign policy, alongside other nations such as South Africa and Egypt.
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