‘All work is being done’ in negotiations to suspend tariffs, says Alckmin
The vice-president of the Republic and minister of Development, Industry, Commerce and Services, Geraldo Alckmin, said this Friday, 31, that the federal government continues working to temporarily suspend the extra 40% tariff applied by the United States to Brazilian products in addition to the 10% that had already been established.
“All the work is being done to suspend this 40% (tariff) while negotiations,” said Alckmin after participating in the Minha Casa, Minha Vida house handover ceremony in Bauru, in the interior of São Paulo.
“I would say that (the negotiation) has made a lot of progress. President Lula was with President Trump in New York at the UN meeting and was now in Malaysia at the Asean meeting. I think we will have good developments to be able to advance further”, added the vice-president.
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Asked if there is a plan for a new conversation between Brazilian and American authorities, he replied: “There is no set date, but I think we will move quickly.”
Alckmin also repeated that Brazil is not a problem for the USA. “Of the G20, of the 20 largest economies in the world, only three of the United States have a surplus in the trade balance: the United Kingdom, Australia and Brazil”, he highlighted.
He reinforced that, while the issue is not resolved, the government has taken a set of measures to help companies preserve jobs. And he cited as examples the R$40 billion in credits with interest rates of 6% to 9.5%, the postponement of tax payments until December, the extension of the drawback regime and the creation of Reintegra for companies that lost exports to the USA.
