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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."The United States has imposed 50% tariffs on Brazilian products in retaliation against the sentencing of former president Jair Bolsonaro.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.Live Events"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.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onUS brazil trade dealUS brazil trade deal newsUS brazil trade deal latest newsASEAN SummitASEAN Summit 2025 (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onUS brazil trade dealUS brazil trade deal newsUS brazil trade deal latest newsASEAN SummitASEAN Summit 2025(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
