Brazil’s Finance Minister anticipates lengthy U.S. tariff negotiations involving sugar and ethanol, stressing a strategy of reciprocity. Despite high U.S. tariffs on sugar, Brazil remains poised to negotiate while reviewing its trade agenda to ensure robust discussions.
Brazilian Finance Minister Fernando Haddad announced on Thursday that his government anticipates extensive tariff negotiations with the United States, particularly concerning sugar and ethanol. He remarked on GloboNews TV that due to ongoing global trade tensions, Brazil is not expected to receive any special treatment in these discussions. He noted that Brazil would bring sugar to the table while the U.S. would similarly address ethanol.
In conclusion, Brazil is preparing for protracted tariff negotiations with the United States, focusing on sugar and ethanol. With a history of joint negotiations in these commodities, Brazil emphasizes a strategy of reciprocity rather than retaliation. The government is currently reassessing its trade agenda, aiming to present a united front in upcoming discussions with the U.S.
Original Source: money.usnews.com
