Brazil and US are negotiating terms of understanding on tariffs, says Brazilian Finance Minister

SAO PAULO (Reuters) - Brazilian Finance Minister Fernando Haddad said Brazil and the U.S. are negotiating the presumption of an knowing connected tariffs.

Haddad said connected Sunday that helium spoke to U.S. Treasury Secretary Scott Bessent "on behalf of the region," since according to him, it doesn't marque consciousness to enforce tariffs connected South America owed to the commercialized deficits the countries person with the United States.

"The astir important happening astatine this infinitesimal is to accidental that we are astatine a array negotiating the presumption of an understanding," Haddad told journalists successful Los Angeles, wherever helium traveled to sermon investments successful information centers.

"I judge that the Secretary's cognition was precise fruitful and demonstrated a precise important openness to dialog," helium added.

Bessent has been gathering with leaders of assorted countries since U.S. President Donald Trump announced sweeping tariffs connected April 2. Brazil came nether the 10% tariff connected astir U.S. imports.

(Reporting by Fernando Cardoso; Writing by Isabel Teles)