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Brazil sees prolonged US tariff talks, minister says, linking ethanol and sugar

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Brazilian Finance Minister Fernando Haddad said on Thursday his government expects lengthy tariff negotiations with the United States, and suggested they would include trade discussions involving sugar and ethanol.
The article from MSN discusses Brazil's ongoing negotiations with the United States regarding trade tariffs, particularly focusing on ethanol and sugar. Brazilian Agriculture Minister Carlos Favaro has indicated that these talks might extend beyond the initial deadline set for January 1, 2024, due to the complexity of the issues involved. The discussions are part of a broader effort to resolve trade disputes, including U.S. tariffs on Brazilian steel and aluminum, and Brazil's retaliatory measures. The negotiations aim to address market access for Brazilian ethanol in the U.S., which is currently limited by a 2.5% tariff, and to find a balance in sugar trade, where Brazil seeks better access to the U.S. market. The talks are crucial as they could influence the global trade dynamics of these commodities, with both countries looking to secure favorable terms.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/other/brazil-sees-prolonged-us-tariff-talks-minister-says-linking-ethanol-and-sugar/ar-AA1Bli9N ]