Brazil seeks 'full tariff reduction' in US trade pact

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September 30, 2026 2:18 PM EDT

A view shows the shipping container yard, a part of the Port of Santos, in Guaruja, Brazil, August 6, 2025. REUTERS/Jorge Silva

SAO PAULO/MILWAUKEE, Sept 30 (Reuters) - ‌Brazil is seeking ​a "full ​tariff reduction" in talks with the US, Trade Minister Marcelo Elias Rosa told reporters on Wednesday after he met with ‌US Trade Representative Jamieson Greer on the sidelines of a ⁠G20 meeting in Milwaukee.

The two countries will establish a working group to discuss issues ‌related to a potential agreement ‌on trade, the Brazilian government said in a statement, adding both sides aim to move swiftly toward a mutually acceptable understanding.

• The tariff ​cuts Brazil is seeking include all US Section 232 tariffs on steel and aluminum, the 12.5% duty related to US forced labor ⁠allegations and a 25% tariff imposed under a Section 301 unfair trade practices investigation.

• According to ​the statement, the US will submit a proposal in the coming weeks setting out the scope of negotiations, including ​tariff and non-tariff issues.

• The meeting, which ‌also included Brazil's foreign minister, Mauro Vieira, builds on bilateral engagement following a phone call in August between ⁠US President Donald Trump and his Brazilian counterpart, Luiz Inacio Lula da Silva.

• Brazil does not intend to use its so-called reciprocity law over tariffs against the US while ⁠trade talks continue, Lula told CNN International earlier this month.

• Rosa told reporters that ​Greer did not bring up potential new tariffs of 100% on Brazil's purchases of Russian oil products under a sweeping new US sanctions law aimed at ending ‌Russia's war in Ukraine.

• Rosa also said that accessing Brazil's critical minerals wealth could become part of trade ‌talks with the US, but that Brazil would offer similar opportunities to other ⁠countries if there are value-added ‌investments in processing.

(Reporting by ​Gabriel Araujo in Sao Paulo and David Lawder in Milwaukee; Writing by Isabel Teles; Editing by Matthew Lewis and ‌Sonali Paul)


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