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Investing.com -- Brazil’s President Lula has established a working group to discuss U.S. tariffs with the private sector, Vice President Geraldo Alckmin announced Monday.
The first meeting of the working group will take place Tuesday morning, followed by a second meeting exclusively with agribusiness representatives later in the day. Additional meetings are planned to follow these initial discussions.
Alckmin noted that U.S. companies will also be affected by the recently announced tariffs, stating, "U.S. companies will also be hit by the tariffs announced by the U.S., so we will also talk to them."
The Vice President revealed that Brazil had sent a proposal to the United States for negotiations on tariffs on May 16, but has not yet received a response.
Alckmin also clarified that Brazil has not requested an extension of the deadline for the implementation of tariffs by the U.S. He further stated that information suggesting Brazil had requested lower tariff rates "is also not valid."
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