Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
SAO PAULO, Dec. 13 (Xinhua) — Brazilian President Luiz Inacio Lula da Silva has asked U.S. President Donald Trump to suspend an additional 40 percent tariff on Brazilian products while bilateral negotiations continue.
"The president has asked for the tariff to be suspended during negotiations. We must wait," Geraldo Alckmin, Vice President and Minister of Development, Industry, Trade, and Services of Brazil, said on Friday.
According to him, negotiations between Brazil and the US "continue to progress" following the Trump administration's decision to reduce the list of products subject to tariffs. Initially, it included nearly 4,000 items subject to a combined tariff of 50%.
The Brazilian minister recalled that after D. Trump signed the initial decree introducing this measure, 37 percent of Brazilian exports were subject to a combined tariff of 10 percent plus 40 percent.
Since then, that figure has dropped to 22 percent, representing a reduction of about one-third in the number of goods originally subject to the US tariff, Alckmin noted. –0–
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