Brazil to Buy Local Products Hit by U.S. Tariffs Amid Trade Dispute
Brazil’s government said Monday it will purchase domestic products affected by the 50% U.S. tariff hike, including acai, coconut water, mangoes, honey, fish and Brazil nuts, to support local producers. The goods will be distributed to schools or stockpiled nationwide, as reported by The Independent.
The tariffs, imposed by U.S. President Donald Trump, have also hit Brazilian coffee and beef, but those products were excluded from the government’s buyback program. Agrarian Development Minister Paulo Teixeira said those exports are still in demand globally and can find alternative buyers.
The trade dispute has strained ties between Washington and Brasília. The White House has linked the tariffs to the upcoming trial of former Brazilian president Jair Bolsonaro, a Trump ally accused of attempting to overturn his 2022 election defeat.
Brazil estimates that nearly 36% of its exports to the U.S., or about 4% of total national exports, have been affected. President Luiz Inácio Lula da Silva has refused to negotiate directly with Trump, saying the American leader «has no interest in talking.»
Earlier this month, Brazil announced the «Sovereign Brazil» plan, a $5.5 bn credit package to support companies hurt by the tariffs.
Kursiv Uzbekistan also reports that U.S. President Donald Trump said Monday he hopes to meet North Korea’s Kim Jong Un again this year, as he welcomed South Korea’s new president, Lee Jae Myung, to the White House.
