KUALA LUMPUR, Malaysia — Brazilian President Luiz Inácio Lula da Silva expressed optimism on Monday about reaching a trade agreement with the United States, following a productive meeting with U.S. President Donald Trump. The discussions took place on the sidelines of a regional summit in Malaysia’s capital, Kuala Lumpur, which Lula described as “very good.” Trump, who later departed for Japan, hinted at the possibility of reducing tariffs imposed on Brazil, a move that could ease tensions between the two nations. The U.S. had previously implemented a 40% tariff on Brazilian goods in July, citing Brazil’s policies and the prosecution of former President Jair Bolsonaro as an economic emergency. Bolsonaro, a Trump ally, was recently sentenced to 27 years in prison for attempting a coup after losing the 2022 election. Lula presented Trump with a document outlining Brazil’s stance against the tariff hikes, acknowledging the U.S.’s right to impose such measures but arguing they were based on “mistaken information.” While Trump did not commit to suspending the tariffs, Lula remained confident, stating, “He guaranteed to me that we will reach an agreement.” Lula also emphasized Brazil’s role as one of three G20 nations with which the U.S. maintains a trade surplus, highlighting the $6.8 billion surplus recorded last year. Additionally, Lula offered to mediate the crisis in Venezuela, where President Nicolas Maduro has accused the U.S. of escalating tensions. Celebrating his 80th birthday, Lula expressed a sense of fulfillment and optimism for the future, aiming to live up to 120 years. His presence at the ASEAN summits underscored Malaysia’s efforts to strengthen trade ties between Southeast Asia and Latin America.
Lula is optimistic there will be a US-Brazil trade deal after meeting with Trump in Malaysia
