From The Rio Times · Carlos Silva · · 2m
Brazil Awaits US Tariff Offer After Lula Win
Brazil expects US tariff proposal by November after Lula wins fourth term.
In brief
Brazil expects US tariff proposal by November after Lula wins fourth term. Brazil anticipates a US tariff proposal in November following Lula's fourth-term victory, with duties up to 37.5% on certain exports. Originally reported by The Rio Times.
Brazil Awaits US Tariff Offer
Brazil expects a written US proposal on tariffs in November after Lula won a fourth term on Sunday, 25 October.
Tariff Details
A 25% US duty on certain Brazilian goods stacks with a 12.5% charge to reach 37.5% on some exports.
Trade Impact
The two July measures cover 3,985 products worth US$10.8 billion in exports from Brazil.
Export Decline
Brazil's exports to the US fell 6.5% to US$27.5 billion from January to September.
Key Officials
Trade Minister Márcio Elias Rosa leads Brazil's talks with US Trade Representative Jamieson Greer.
What to Watch
The US document due in November may name ethanol, big tech, or rare earths, and any cuts before Lula's 5 January 2027 inauguration.
Trade Minister's Stance
Rosa said Brazil will not make the first offer because tariffs came from Washington, and the election stays off the table.
US Tariff Actions
USTR imposed a 25% Section 301 tariff on certain Brazilian goods starting 22 July and a 12.5% forced-labour duty from 24 July.
Exempt Products
Coffee, beef, orange juice, aircraft parts, and oil and gas products remain exempt from the tariffs.
Trade Talks Progress
Lula and Trump spoke by phone on 21 August, and Brazil's foreign minister met US Trade Representative Greer in Milwaukee on 30 September.
Brazil's Demands
Brazil wants all extra duties removed and a wider list of excluded products, including ethanol and rare earths.
Rare Earths Deal
USA Rare Earth closed a US$2.8 billion purchase of Serra Verde's parent on 4 September, with US government funding.
What Changed After Vote
Washington signaled willingness to reopen talks on the 37.5% duties after Lula's election win.
What Next
The US document is due in November, and Lula takes office on 5 January 2027, with no tariff cuts announced.
What matters most
Brazil anticipates a US tariff proposal in November following Lula's fourth-term victory, with duties up to 37.5% on certain exports.
