Brazil-US Trade Deal Nears Amid Venezuela Crisis Talks

Brazilian President Luiz Inácio Lula da Silva reported positive discussions with U.S. President Donald Trump at the ASEAN summit in Malaysia, indicating that a trade deal between Brazil and the U.S. is likely to be finalized soon. Lula emphasized that the 50% U.S. tariffs on Brazilian goods, viewed by Brazil as based on erroneous information, should be resolved quickly, with Trump reportedly guaranteeing an agreement "faster than anyone thinks." Besides trade, Lula expressed Brazil's willingness to contribute to a peaceful resolution of the Venezuela crisis through negotiation rather than military action, highlighting Brazil's experience in mediating political conflicts. Lula also noted Brazil's readiness to negotiate new trade agreements, including one with Singapore and the Mercosur bloc, which is pending parliamentary approval in Brazil. Both leaders conveyed optimism about improving bilateral relations, with Lula underscoring direct communication with Trump to address trade and regional issues. The U.S. tariffs have created friction, but recent talks suggest a potential de-escalation and strengthened cooperation between the two countries.