Brazil, Malaysia Seek US Tariff Reductions Amid Negotiations

Brazil and the United States are actively negotiating an agreement on tariffs following the recent announcement by President Trump of new import duties, including a 10% tariff on most U.S. imports from Brazil. Brazilian Finance Minister Fernando Haddad emphasized ongoing discussions with U.S. Treasury Secretary Scott Bessent and highlighted the need to consider South America's trade deficits with the U.S. in these talks. Both parties have expressed openness to dialogue, suggesting optimism for a mutually beneficial resolution. Similarly, Malaysia has initiated early negotiations with the U.S. after the imposition of a 24% 'reciprocal' tariff on Malaysian imports, with both sides agreeing to continue discussions aimed at reducing the tariffs. Malaysian Prime Minister Anwar Ibrahim noted that the talks are still in their preliminary stages and no agreement has been reached, but emphasized the government's efforts to protect national interests and support exporters amid ongoing diplomatic efforts. The tariff disputes have prompted both Brazil and Malaysia to seek compromises to avoid negative impacts on their economies.