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Trump Meets Brazil's Lula Amid Trade Tensions: "Some Pretty Good Deals" Ahead

President Trump met with Brazilian President Lula on the sidelines of the ASEAN summit in Malaysia. Both leaders expressed optimism about strengthening trade relations between their countries. The meeting took place against the backdrop of recent US tariffs imposed on Brazilian goods. They agreed that their teams would meet immediately to address trade disputes and explore new deal opportunities.

Key Points: Trump Lula ASEAN Summit Meeting on US Brazil Trade Tariffs

  • Trump expresses optimism about making beneficial deals with Brazil during ASEAN summit
  • Meeting occurs amid US imposition of at least 50% tariffs on various goods
  • Both countries agree to immediate team meetings to address tariff disputes
  • Trump also signs trade agreements with Cambodia, Malaysia, Thailand and Vietnam during summit
2 min read

Should be able to make some pretty good deals: Trump after meeting Brazilian PM Lula at ASEAN

Presidents Trump and Lula meet at ASEAN summit, agree to immediate talks on US tariffs against Brazil while discussing bilateral trade opportunities.

"I think we should be able to make some pretty good deals for both countries - Donald Trump"

Kuala Lumpur, October 27

United States President Donald Trump met with Brazilian President Luiz Inacio Lula da Silva on the sidelines of the ASEAN summit being held in Kuala Lumpur, Malaysia, and expressed optimism in making "some pretty good deals" for both countries.

"It's a great honor to be with the President of Brazil... I think we should be able to make some pretty good deals for both countries... We always have had a good relationship -- I think it will continue," President Trump said, as quoted by the White House on X.

The meeting between the two leaders took place on October 26 and occurred amid the imposition of at atleast 50% tariffs by the United States on various goods. The Brazilian president has said that both the US and Brazilian teams agreed to 'meet immediately' to discuss the tariffs.

"I had a great meeting with President Trump on Sunday afternoon in Malaysia. We discussed the bilateral trade and economic agenda in a frank and constructive manner. We agreed that our teams will meet immediately to advance in the search for solutions to the tariffs and sanctions against Brazilian authorities," Lula posted on X.

As part of his visit to Malaysia for the ASEAN summit, President Trump has also signed reciprocal trade agreements with Cambodia and Malaysia and a framework agreement with Thailand and Vietnam.

US President Donald Trump and Malaysian Prime Minister Anwar Ibrahim also oversaw the signing of a peace accord between Phnom Penh and Bangkok.

"Alongside this peace treaty, we are also signing a major trade deal with Cambodia and a very important critical minerals agreement with Thailand," Trump said.

"I thank my counterparts from Malaysia, Cambodia, Thailand, and Vietnam for their collaboration and commitment in achieving a more balanced trade relationship with the United States," he added.

A framework for reciprocal trade between the US and Thailand would see the United States maintain a 19 per cent tariff on Thai products while identifying products where tariffs could potentially be adjusted or cut to zero.

Thailand would in turn eliminate tariff barriers on approximately 99 per cent of goods, covering a full range of US industrial and food and agricultural products, the two countries said in a joint statement issued by the White House.

- ANI

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Reader Comments

P
Priya S
While trade deals are important, I'm concerned about the 50% tariffs mentioned. As an Indian exporter, such high tariffs can really hurt businesses. Hope our government is watching this closely and negotiating better terms for us.
A
Arjun K
Interesting to see Trump's "America First" approach in action. The reciprocal trade agreements with ASEAN countries show he's serious about rebalancing trade. India should learn from this and protect our domestic industries too.
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Sarah B
The critical minerals agreement with Thailand is significant. As someone working in renewable energy sector, access to these minerals is crucial for green technology. Hope India is also securing such strategic partnerships.
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Meera T
Respectfully, I think we're focusing too much on Western trade dynamics. India should strengthen ties within Global South and regional partnerships. BRICS and ASEAN are more reliable long-term partners than unpredictable Western allies.
V
Vikram M
The peace accord between Cambodia and Bangkok is the real achievement here! Regional stability in Southeast Asia benefits everyone, including India. Trade follows peace, not the other way around. 🙏

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