Brazil acknowledges possibility of no US trade deal by August 1
ReutersJul 21, 2025 11:55 AM
SAO PAULO, July 21 (Reuters) - Brazil's finance minister said on Monday that his country will not give up negotiating with the United States, but acknowledged that a deal may not be reached by August 1, when President Donald Trump's 50% tariffs on Brazilian goods are due to take effect.
"That could happen," Fernando Haddad told radio station CBN in an interview, saying that Latin America's largest economy is still awaiting a response from Washington to trade proposals it initially submitted in May.
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