Brazil Industry Chief Praises Lula-Trump Talk, Seeks Technical Fix for Tariffs

Ricardo Alban, president of Brazil's National Confederation of Industry (CNI), views the recent phone conversation between Presidents Luiz Inácio Lula da Silva and Donald Trump as a positive step. He emphasized that dialogue is the most effective path to resolving trade disputes.

Alban highlighted the significant impact of current U.S. tariffs on Brazilian exports, noting that over 4,000 products are affected, jeopardizing approximately 30% of Brazil's exports to the United States. He stated that these tariffs penalize Brazilian industry and compromise the country's trade balance.

"We hope that the conversation between the presidents of Brazil and the U.S. will open the way for a review of these measures and for the resumption of more balanced trade between the two countries," Alban declared. He specifically called on the U.S. government to quickly reconsider the tariffs, which have already impacted $12.4 billion in Brazilian sales, with 3,985 products facing an additional 37.5% tariff.

The CNI president advocates for a technical approach to resolving tariff disagreements, believing it will lead to more sustainable and equitable trade agreements. He stressed the importance of a stable and predictable trade environment for the growth and competitiveness of Brazilian industries in the global market.

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Dialogue is the best way to find solutions. The current tariffs penalize more than 4,000 Brazilian products and compromise about 30% of everything we export to the U.S. We hope that the conversation between the presidents of Brazil and the U.S. will open the way for a review of these measures and for the resumption of more balanced trade between the two countries.