Brazil was prepared to face trade turbulence from the tariff hike, says Fávaro

Agriculture Minister Carlos Fávaro assesses that Brazil was prepared for the trade turbulences resulting from the United States' tariff escalation. According to him, the reestablishment of good diplomatic relations ensured that the country opened new markets and "overcame this moment." "We cannot turn our backs on a major trading partner like the United States, but we were prepared. We opened many markets, expanded the markets that were already open and this gave us a better condition, including, to negotiate," Fávaro told journalists on the sidelines of the National Meeting of Agriculture and Agricultural Attachés. "We were well positioned, we want to strengthen trade relations with the United States, but we were not totally vulnerable," the minister stated. For the minister, the Brazilian government conducted the tariff negotiation with the United States with "wisdom," which he classified as a "historic achievement." "The Congress approved the reciprocity law, put one more ...