Brazil and the US resume dialogue to rebalance trade

Data on the trade balance between Brazil and the United States for September, released today by the Ministry of Development, Industry, Commerce and Services (MDIC), indicate a sharp 20,3% decline in Brazilian exports to the American market and a 14,3% increase in imports of products from the USA during the period.

From January to September, Brazilian exports fell by 0,6%, while imports increased by 11,8%, increasing the United States' trade surplus with Brazil to US$5,1 billion.

The result reinforces the impact of the surcharges imposed on Brazilian exports, which have distorted trade flows and adversely affected companies and consumers in both countries. The most affected sectors include steel, aluminum, machinery and equipment, timber, chemicals, and industrial manufacturing in general.

In this context, the dialogue between the presidents of Brazil and the United States, reinforced by the phone call that took place this Monday (6/10), represents an important step towards building solutions that mitigate these impacts.

"Brazil-US trade is supported by a broad network of companies, investments, and mutual interests. We hope that the dialogue between the presidents will pave the way for negotiations that restore predictability and allow for the preservation and expansion of bilateral trade and investment," says Abrão Neto, president of Amcham Brasil.