While Vice President Geraldo Alckmin said on Monday that the government has set up a working group to discuss the US tariffs with business leaders. The first meeting will take place Tuesday morning, followed by another session later in the day with agribusiness leaders.

Brazil has yet to hear a response from Washington about an offer it made in trade talks two months ago, Vice President Geraldo Alckmin said on Monday, after U.S. President Donald Trump slapped much higher tariffs on Brazil last week.

National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."

The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.

President Donald Trump’s unexpected move to threaten a 50% tariff on Brazil risks roiling global commodity markets, disrupting trade on everything from beef to coffee.

The United States is Brazil’s second-largest trading partner, behind China. In 2024, the U.S. trade surplus with Brazil reached $28.6 billion in goods and services.