Brazil seeks new markets as US tariff hits exporters

Brazil is negotiating with the US to reverse a 50 percent tariff on its goods, including beef, fruit, and coffee, Foreign Trade Secretary Tatiana Prazeres said Tuesday. According to Xinhua, the tariff was imposed in response to Brazil’s prosecution of former President Jair Bolsonaro,

Prazeres highlighted efforts to diversify exports, focusing on markets such as Mexico, Canada, and India. Brazil has also filed a complaint with the World Trade Organization over the tariffs.

The government is advancing Mercosur trade talks with Canada, the EU, and the European Free Trade Association. Brazil aims for a constructive “win-win” relationship with Washington, with the US accounting for roughly 12 percent of its exports, Xinhua reported.