Brazil's Lula expects more US tariff cuts after call with Trump

Brazil’s President Luiz Inacio Lula da Silva speaks during the opening of Sao Paulo International Motor Show in Sao Paulo

Brazil’s President Luiz Inacio Lula da Silva speaks during the opening of Sao Paulo International Motor Show, on the day U.S. President Donald Trump removed his 40% tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July, in Sao Paulo, Brazil, November 20, 2025. Ricardo Stuckert/Brazil Presidency/Handout via REUTERS

Source: Handout

Brazilian President Luiz Inacio Lula da Silva said on Wednesday he expects U.S. counterpart Donald Trump to further cut tariffs on Brazilian products soon, following a phone call between the two leaders on Tuesday.

Trump last month removed additional tariffs on several Brazilian food products, including coffee and beef, that he had announced in July to punish Brazil over the prosecution of former right-wing President Jair Bolsonaro.

"We are close to hearing good news from the U.S.," Lula told TV channel Verdes Mares. He described his conversation with Trump as "extraordinary" and reiterated they agreed to cooperate in fighting organized crime.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters