Latest news with #Alckmin
The Star
6 days ago
- Business
- The Star
Brazil VP hails 'good' and 'fruitful' conversation with Lutnick on tariffs
BRASILIA (Reuters) -Brazilian Vice President Geraldo Alckmin said on Thursday that he had reiterated his country's willingness to negotiate proposed U.S. tariffs on imports from Latin America's No. 1 economy during a conversation on Saturday with U.S. Commerce Secretary Howard Lutnick. Alckmin said he and Lutnick had a "good" conversation last week that lasted about an hour. The U.S. has announced 50% tariffs on Brazilian imports starting August 1, a measure U.S. President Donald Trump has tied to judicial measures against former president and ideological ally Jair Bolsonaro, who has been accused of plotting a coup. Brazilian officials have been holding discussions with local companies to evaluate the potential impacts of the tariffs, while also preparing measures to mitigate those effects and studying potential countermeasures. But Brazilian authorities have said they have been struggling to contact high officials of the U.S. government for direct negotiation. "The conversation (with Lutnick) was fruitful," Alckmin said, noting the specifics of the discussions should be kept confidential. "We didn't create this problem, but we want to resolve it," the Brazilian VP added. The White House did not immediately reply to a request for comment. (Reporting by Bernardo Caram in Brasilia; Writing by Andre Romani, Steve Holland contributed reporting from Washington; Editing by Sarah Morland and David Gregorio)
Straits Times
6 days ago
- Business
- Straits Times
Brazil VP hails 'good' and 'fruitful' conversation with Lutnick on tariffs
Find out what's new on ST website and app. Brazil's Vice President Geraldo Alckmin speaks during a ceremony at the Planalto Palace, in Brasilia, Brazil, July 14, 2025. REUTERS/Adriano Machado/File Photo BRASILIA - Brazilian Vice President Geraldo Alckmin said on Thursday that he had reiterated his country's willingness to negotiate proposed U.S. tariffs on imports from Latin America's No. 1 economy during a conversation on Saturday with U.S. Commerce Secretary Howard Lutnick. Alckmin said he and Lutnick had a "good" conversation last week that lasted about an hour. The U.S. has announced 50% tariffs on Brazilian imports starting August 1, a measure U.S. President Donald Trump has tied to judicial measures against former president and ideological ally Jair Bolsonaro, who has been accused of plotting a coup. Brazilian officials have been holding discussions with local companies to evaluate the potential impacts of the tariffs, while also preparing measures to mitigate those effects and studying potential countermeasures. But Brazilian authorities have said they have been struggling to contact high officials of the U.S. government for direct negotiation. "The conversation (with Lutnick) was fruitful," Alckmin said, noting the specifics of the discussions should be kept confidential. "We didn't create this problem, but we want to resolve it," the Brazilian VP added. Top stories Swipe. Select. Stay informed. Business GIC posts 3.8% annualised return over 20 years despite economic uncertainties Business GIC's focus on long-term value aims to avoid permanent loss amid intensifying economic changes Opinion No idle punt: Why Singapore called out cyber saboteur UNC3886 by name Asia Deadly Thai-Cambodian dispute puts Asean's relevance on the line Singapore Singapore urges all parties in Thailand-Cambodia border dispute to exercise restraint World Trump, Fed chief Powell bicker during tense central bank visit Singapore Khatib Camp to make way for housing, with its functions moving to Amoy Quee Camp Life Hulk Hogan, who helped turn pro wrestling into a billion-dollar spectacle, dies at 71 The White House did not immediately reply to a request for comment. REUTERS
Reuters
6 days ago
- Business
- Reuters
Brazil VP hails 'good' and 'fruitful' conversation with Lutnick on tariffs
BRASILIA, July 24 (Reuters) - Brazilian Vice President Geraldo Alckmin said on Thursday that he had reiterated his country's willingness to negotiate proposed U.S. tariffs on imports from Latin America's No. 1 economy during a conversation on Saturday with U.S. Commerce Secretary Howard Lutnick. Alckmin said he and Lutnick had a "good" conversation last week that lasted about an hour. The U.S. has announced 50% tariffs on Brazilian imports starting August 1, a measure U.S. President Donald Trump has tied to judicial measures against former president and ideological ally Jair Bolsonaro, who has been accused of plotting a coup. Brazilian officials have been holding discussions with local companies to evaluate the potential impacts of the tariffs, while also preparing measures to mitigate those effects and studying potential countermeasures. But Brazilian authorities have said they have been struggling to contact high officials of the U.S. government for direct negotiation. "The conversation (with Lutnick) was fruitful," Alckmin said, noting the specifics of the discussions should be kept confidential. "We didn't create this problem, but we want to resolve it," the Brazilian VP added. The White House did not immediately reply to a request for comment.
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.
