Brazilian President Luiz Inácio Lula da Silva announced on Thursday that he will attempt to negotiate with the US to reverse the 50% tariff.

Investing.com -- Brazil’s trade balance for March has exceeded market forecasts, according to government data released on Friday. The trade balance, which is the difference between a country’s exports and imports, was reported to be $8.155 billion.

BRASILIA (Reuters) -Brazil's trade surplus shrank by nearly 25% in 2024 compared to the previous year, to $74.6 billion, official data showed on Monday, driven by higher imports as Latin America's ...

The balance, however, shifted by the end of the first quarter, with Brazil reporting a US$700 million trade surplus with China.

The nation’s trade balance was reported at $7.239 billion, falling short of the anticipated $8.292 billion. The data showed that Brazil’s imports for the month of May amounted to $22.918 billion.

In a public letter, President Donald Trump accuses Brazil of violating free speech and politically targeting its former president.

While Brazil last year posted a hefty trade surplus of $74.6 billion, its second largest on record, its bilateral trade balance with the U.S. was flat.