Brazil, US Aim to Conclude Bilateral Trade Package

After a dinner in Florida attended by President Donald Trump and Brazilian President Jair Bolsanaro, the two issued a joint statement March 7 on how they would like to reach “a bilateral trade package this year.” Because Brazil is in Mercosur, a South American customs union, tariffs are unlikely to be part of such a deal. They also discussed expediting Brazil's participation in the Trusted Trader program, “to streamline commerce between both countries by ensuring the security and safety of imported goods, with a goal of program entry in 2021.”