The two vice leaders engaged in discussions at the request of Beijing, according to an official statement.
“They exchanged views on the ongoing tariff changes in the international arena,” the statement revealed, with both officials emphasizing the importance of “defending multilateralism and a rule-based international trade system, reinforcing the World Trade Organization (WTO).”
China has been particularly affected by the tariff war launched by Donald Trump, which has gradually escalated its import tariffs for the United States to 145%.
In retaliation, Beijing announced on Friday that it had increased tariffs on all American products from 84% to 125% and warned that it would disregard future tariffs from Washington, considering them to have no economic impact.
For Brazil, its exports to the United States were subject to a 10% tariff. Additionally, the country is bracing for the impact of the 25% tariffs imposed by Trump on steel and aluminum.
Unlike China, Brazil has yet to respond to these unilateral measures and is in discussions with the United States to attempt to reduce these tariffs or negotiate export quotas for steel and aluminum.
