Latest news with #Alckmin
Reuters
13-03-2025
- Business
- Reuters
Brazil trade chamber OKs import tax cuts on more food products
BRASILIA, March 13 (Reuters) - Brazil's trade chamber, known as Camex, has agreed to eliminate import taxes on certain products to curb food inflation, it said in a statement on Thursday. The decision was unanimous, Brazilian Vice President Geraldo Alckmin, who also serves as trade, industry and development minister, told reporters in Brasilia. "These are emergency measures to reduce taxes, to reduce food costs and to help, at this exceptional time, to reduce inflation, especially food inflation," Alckmin said, after the government rolled out similar cuts last week. The measures will take effect on Friday and will continue for as long as necessary to reduce food prices, he said. Alckmin said the estimated cost of the exemptions, if they last for one year, is 650 million reais ($112.07 million), though he expects their duration to be shorter. The import tax exemptions apply to foodstuffs such as boneless beef products, roasted coffee, coffee beans, corn, olive oil, sugar, cookies, pasta and sardines. The trade chamber falls under Alckmin's ministry and handles the government's trade policies and guidelines. ($1 = 5.8001 reais)
Yahoo
07-03-2025
- Business
- Yahoo
Brazil touts 'positive' call with senior U.S. trade official
By Lisandra Paraguassu BRASILIA (Reuters) - Brazilian Vice President Geraldo Alckmin on Thursday held a "positive" video call with U.S. Commerce Secretary Howard Lutnick that focused in part on U.S. tariff policy, the vice president's office said. Lutnick is one of U.S. President Donald Trump's top trade advisers while Alckmin also serves as the South American country's trade, industry and development minister. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Trump announced earlier this year 25% tariffs on imports of steel and aluminum, which are expected to take effect on March 12. The South American country is one of the largest sources of U.S. steel imports, having exported 4.3 million metric tons to the U.S. last year, or about 48% of its shipments, according to Brazil's government data. Lutnick said during the call that he would pass along to Trump a request from Alckmin to postpone the tariffs, a source from the Brazilian government told Reuters. According to a statement from Alckmin's office, which did not mention a request on potentially postponing tariffs, the dialogue between the two governments should continue in order to reach an understanding on tariffs and other issues. Brazilian news website G1 reported, citing sources, that Lutnick told Alckmin the U.S. could postpone the tariffs on Brazilian goods. Further bilateral talks are planned over the next few days, Alckmin's statement added, noting that United States Trade Representative, Jamieson Greer, was also on the call.
Reuters
07-03-2025
- Business
- Reuters
Brazil touts 'positive' call with senior U.S. trade official
BRASILIA, March 6 (Reuters) - Brazilian Vice President Geraldo Alckmin on Thursday held a "positive" video call with U.S. Commerce Secretary Howard Lutnick that focused in part on U.S. tariff policy, the vice president's office said. Lutnick is one of U.S. President Donald Trump's top trade advisers while Alckmin also serves as the South American country's trade, industry and development minister. Trump announced earlier this year 25% tariffs on imports of steel and aluminum, which are expected to take effect on March 12. The South American country is one of the largest sources of U.S. steel imports, having exported 4.3 million metric tons to the U.S. last year, or about 48% of its shipments, according to Brazil's government data. Lutnick said during the call that he would pass along to Trump a request from Alckmin to postpone the tariffs, a source from the Brazilian government told Reuters. According to a statement from Alckmin's office, which did not mention a request on potentially postponing tariffs, the dialogue between the two governments should continue in order to reach an understanding on tariffs and other issues. Brazilian news website G1 reported, citing sources, that Lutnick told Alckmin the U.S. could postpone the tariffs on Brazilian goods. Further bilateral talks are planned over the next few days, Alckmin's statement added, noting that United States Trade Representative, Jamieson Greer, was also on the call.
Reuters
12-02-2025
- Business
- Reuters
Brazil calls for dialogue with US on trade, suggests steel quotas
BRASILIA, Feb 12 (Reuters) - Brazil's Vice President Geraldo Alckmin on Wednesday called for "caution" and said the South American country would seek dialogue with the United States after President Donald Trump's decision to impose a 25% tariff on steel and aluminum imports. Speaking to reporters in Brasilia, Alckmin said that Brazil was open to dialogue and would reach out to the Trump administration. He suggested that quotas could be a good alternative. The South American country is one of the largest sources of U.S. steel imports, but Alckmin highlighted that overall the U.S. runs a trade surplus with Brazil, saying that it meant Latin America's largest economy was "not the problem". Trump, who took office last month for his second non-consecutive term, first targeted steel and aluminum for tariffs in 2018 under a Cold War-era national security law. But he later granted several countries exemptions, including Canada, Mexico and Australia, and struck duty-free quota deals for Brazil, South Korea and Argentina based on pre-tariff volumes. "In the past, when tariffs were increased quotas were set. That's a smart mechanism," said Alckmin, who also serves as President Luiz Inacio Lula da Silva's minister of development, industry and trade. The United States has run a trade surplus with Brazil since 2008, which reached $253 million last year on more than $80 billion of bilateral trade. Brazilian steelmakers lobby group Aco Brasil on Tuesday had already said it was surprised by Trump's tariffs and that such measure would not benefit either of the countries.
