TechFlow, April 2 — According to Jinshi Data, Brazilian Vice President Alckmin and Finance Minister Haddad criticized the United States on April 1 for its upcoming global implementation of "reciprocal tariffs" starting April 2. Vice President Alckmin stated that Brazil is not a problem in foreign trade relations with the U.S., as the U.S. enjoys a $25 billion trade surplus with Brazil. Eight out of the top ten U.S. exports to Brazil are duty-free, and Brazil's average tariff on U.S. goods and services is 2.7%.
Alckmin emphasized that resolving foreign trade disputes requires negotiation and seeking economic complementarity between both sides. Finance Minister Haddad noted that the U.S. is already on the "advantaged side" in bilateral trade with Brazil, and should not impose additional tariffs on Brazilian products, given that the U.S. maintains a surplus in both goods and services trade. Therefore, any "unfair" trade retaliation by the U.S. against Brazil would be incomprehensible. He added that Brazil has long engaged in negotiations with the U.S. to promote closer bilateral cooperation.
