Wall Street sees U.S.-Brazil agreement closer and U.S. inflation as a boost

By Aline Bronzati, correspondent New York, 11/20/2025 - The decision by United States President Donald Trump to exempt more than 200 Brazilian products from the additional 40% tariff was received by interlocutors on Wall Street as a sign that a definitive trade agreement between the two countries is closer. And, despite the White House chief mentioning the negotiations with President Luiz Inácio Lula da Silva (PT), the motivator behind the relief of the rates would be the impact of the taxation on American inflation. "The reduction of tariffs by the US is welcome and increases the likelihood of an agreement soon," says the director of macroeconomic research for Latin America at Goldman Sachs, Alberto Ramos, to Broadcast. The measure announced on the evening of this Thursday, a holiday in Brazil, is retroactive, to November 13. That was when the Minister of Foreign Affairs, Mauro Vieira, met with US Secretary of State Marco Rubio in Washington, for the third time within the scope ...