LatinNews Daily - 29 October 2025

*The US senate has passed a resolution to strike down an executive order signed by President Donald Trump on 30 July to increase the tariff rates on many Brazilian products to 50%. The resolution was narrowly approved by a vote count of 52-48, needing just a simple majority to pass. However, reports in the international media suggest it is unlikely to pass the US House of Representatives. Amid these efforts by US lawmakers to repeal the tariffs, Trump himself has also recently signalled some willingness to negotiate with Brazilian authorities and potentially agree new tariff rates. On 26 October Brazil’s President Luiz Inácio Lula da Silva met with Trump on the sidelines of a regional summit in Malaysia, and the Brazilian government has expressed optimism that a tariff deal could be concluded in the coming weeks. Meanwhile, reports in the Brazilian press have revealed that sector-specific bilateral talks are already underway. The chargé d’affaires of the US embassy in Brazil, Gabriel Escobar, reportedly held meetings yesterday with representatives from mining firms to discuss possible agreements that could boost US access to critical minerals in Brazil, which would be a concession that Brazil could grant to the Trump government in exchange for lower tariff rates.

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