US and Brazil edge toward tariff truce as both economies feel the heat
The White House and Planalto Palace are inching toward détente after months of trade friction that has left industries on both sides bruised. A half-hour video call this week between US President Donald Trump and Brazilian President Luiz Inácio Lula da Silva opened the first door toward thawing relations since Washington hit tariffs on Brazilian imports this summer.
In Monday’s call, which has been described by both sides as “friendly and positive”, Lula persuaded Trump to roll back the 50 per cent tariff on Brazilian goods, calling for a return to the original 10 per cent level and the lifting of sanctions on certain Brazilian officials. “It was mostly focused on the economy and trade, between our two countries,” Trump posted later on Truth Social, adding that they would “get together in the not-too-distant future, both in Brazil and the United States.”
Unlock full access – sign up for FREE.
Key benefits
Europe’s aluminium tube output falls amid broader packaging slowdown in H1 2025
Next article2025: US tariffs & economic challenges drive 4% drop in aluminium aerosol can deliveries to America
Grow with
AL Circle
