Donald Trump phone call with Lula amid tariff hikes on Brazilian products reflects a new phase in tense trade relations between Brazil and the United States. Among so many relevant factors, only two arguments can explain the importance of this contact: first, the direct impact of the 50% tariff hike imposed by the US on Brazilian exports; second, the need to restore diplomatic trust and open high-level economic negotiation channels. These two central points demonstrate how a phone call between the presidents can go beyond a formality: it can represent a turning point for bilateral trade and for Brazil's national strategy in the face of US protectionist measures. Development: economic impact of the tariff hike It's known that Donald Trump spoke to Lula on the phone amid a tariff hike on Brazilian products because the effects of this tariff hike are already being felt across several production chains in Brazil and the United States. These include: agricultural exports facing ba...
Donald Trump phone call with Lula amid tariff hikes on Brazilian products reflects a new phase in tense trade relations between Brazil and the United States. Among so many relevant factors, only two arguments can explain the importance of this contact: first, the direct impact of the 50% tariff hike imposed by the US on Brazilian exports; second, the need to restore diplomatic trust and open high-level economic negotiation channels. These two central points demonstrate how a phone call between the presidents can go beyond a formality: it can represent a turning point for bilateral trade and for Brazil's national strategy in the face of US protectionist measures. Development: economic impact of the tariff hike It's known that Donald Trump spoke to Lula on the phone amid a tariff hike on Brazilian products because the effects of this tariff hike are already being felt across several production chains in Brazil and the United States. These include: agricultural exports facing ba...