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LIVE DESK·Global markets desk·Last updated 14s ago
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Brazil, U.S. to hold tariff talks next Monday after presidential call

Brazilian and U.S. officials plan high-level meeting to address Washington’s 25% tariffs on Brazilian goods amid ongoing trade dispute. No breakthrough expected.

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Sophie Laurent · FX & Rates Desk · 30 Aug 2026 · 13:32 · 1 min read
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Brazil, U.S. to hold tariff talks next Monday after presidential call

Brazil’s Ministry of Development, Industry, Commerce and Services (MDIC) confirmed that a meeting with U.S. officials will take place next Monday to discuss recent tariffs imposed by Washington on Brazilian imports.

The talks follow a phone conversation between Brazilian President Luiz Inácio Lula da Silva and U.S. President Donald Trump, their first direct contact since the U.S. introduced the measures. The U.S. Trade Representative, Jamieson Greer, subsequently contacted MDIC Minister Márcio Elias Rosa to arrange the meeting.

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The U.S. imposed a 25% tariff on Brazilian products in July, citing alleged unfair trade practices. Days later, Washington added a 12.5% tariff, citing concerns over weak legislation to combat forced labor. Brazil has rejected all U.S. accusations.

Despite the resumption of high-level dialogue, the MDIC stated that no concrete progress on the tariff dispute is expected in the near term. The meeting is scheduled for next Monday, though officials have not disclosed further details on potential outcomes.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Sophie Laurent
FX & Rates Desk

Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.

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