Brazil's Finance Minister Fernando Haddad stated that negotiations with the US administration may not conclude by August 1, the date tariffs on Brazilian goods are expected to be implemented.
Negotiations Between Brazil and the US
Fernando Haddad noted that the country is still awaiting an official response from Washington regarding a package of trade proposals submitted in May. He also added, "That can happen."
Brazil's Emergency Measures in Response to Tariffs
Brazil is developing contingency plans should tariffs be imposed by the US. Haddad mentioned that if new buyers could be found, the country could increase its export volume by more than half. "But that would take time," he remarked.
Lula's Position on the Tariff Situation
Brazilian President Luiz Inácio Lula da Silva emphasized that the country would respond to potential tariffs but does not wish for conflict. He stated that Brazil will act in accordance with its values, highlighting the need for fair trade.
As the August 1 deadline approaches, Brazil is in a state of anticipation and preparation for potential changes in trade relations that could significantly impact its economy.
