TRADE
Why US-Brazil tariff talks went nowhere
Front row, from left: Industry and Trade Minister Márcio Elias Rosa, Foreign Affairs Minister Mauro Vieira and Vice President Geraldo Alckmin. Photo: Gabriela Biló/Folhapress
The 25% US tariffs on Brazilian goods — due to take effect July 22 and covering 18% to 21% of Brazil's shipments to US ports, depending on the estimate — have become a central issue on the campaign trail. The right, joined by Fiesp, the São Paulo industrial federation, is pinning the blame on Luiz Inácio Lula da Silva, arguing his government lacked the competence to avert it.
The administration has responded by feeding the press details of the talks with Washington since March — more than 30 rounds of them…
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