Brazil's President Luiz Inacio Lula da Silva said on Monday that US President Donald Trump has "guaranteed" that the two countries would reach a deal on trade during a recent meeting between the two leaders.
Lula said at a briefing on the sidelines of the ASEAN summit in Malaysia that his discussions with Trump had gone well and that an agreement would be reached "faster than anyone thinks."
Trump increased tariffs on U.S. imports of most Brazilian goods to 50% from 10% in early August, linking the move to what he called a "witch hunt" against former President Jair Bolsonaro.
Bolsonaro ended up being convicted in September by a Supreme Court panel to more than 27 years in prison for plotting a coup after he lost the 2022 election to Lula.
Lula said recent decisions made by the United States against Brazil were "incorrect".
However, he said he would be willing to discuss any issue with Trump and was also willing to help the United States on the issue of Venezuela.
"I told him that it was extremely important to take into account Brazil's experience as the largest country in South America, as the most economically important country that has almost all of South America as a neighbour," Lula said.
The Brazilian leader also said that Trump didn’t say what he wants from Brazil.
Unlike many of Trump’s tariff targets, Brazil typically runs an annual trade deficit with the US, a point Lula stressed during their meeting.
Lula told reporters he invited the US president to come to Brazil for the COP30 climate talks.
Lula said at a briefing on the sidelines of the ASEAN summit in Malaysia that his discussions with Trump had gone well and that an agreement would be reached "faster than anyone thinks."
Trump increased tariffs on U.S. imports of most Brazilian goods to 50% from 10% in early August, linking the move to what he called a "witch hunt" against former President Jair Bolsonaro.
Bolsonaro ended up being convicted in September by a Supreme Court panel to more than 27 years in prison for plotting a coup after he lost the 2022 election to Lula.
Lula said recent decisions made by the United States against Brazil were "incorrect".
However, he said he would be willing to discuss any issue with Trump and was also willing to help the United States on the issue of Venezuela.
"I told him that it was extremely important to take into account Brazil's experience as the largest country in South America, as the most economically important country that has almost all of South America as a neighbour," Lula said.
The Brazilian leader also said that Trump didn’t say what he wants from Brazil.
Unlike many of Trump’s tariff targets, Brazil typically runs an annual trade deficit with the US, a point Lula stressed during their meeting.
Lula told reporters he invited the US president to come to Brazil for the COP30 climate talks.
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