IBOV 174,586.26 ▲ 0.01% IPSA 11,369.18 ▼ 0.71% IPC MEX 66,644.91 ▲ 0.53% MERVAL 3,024,971 ▲ 0.53% COLCAP 2,504.68 ▼ 0.15% BVL PERÚ 60,449.35 ▲ 0.30% USD/BRL5.15▼ 0.02% USD/MXN16.95▼ 0.01% USD/CLP920.93▲ 0.84% USD/COP3,116▲ 1.71% USD/PEN3.35▼ 0.04% USD/ARS1,514▲ 0.17% USD/UYU40.18▲ 1.55% USD/PYG5,957▲ 0.99% USD/BOB11.50▲ 1.47% USD/DOP58.05▼ 0.45% USD/CRC450.21▲ 2.07% USD/GTQ7.62▲ 2.21% USD/HNL26.82▲ 0.34% USD/NIO36.62▲ 0.09% USD/VES789.35▲ 0.36% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 1.10% EUR/BRL6.00▼ 0.15% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 174,586.26 ▲ 0.01% IPSA 11,369.18 ▼ 0.71% IPC MEX 66,644.91 ▲ 0.53% MERVAL 3,024,971 ▲ 0.53% COLCAP 2,504.68 ▼ 0.15% BVL PERÚ 60,449.35 ▲ 0.30% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Thursday, August 27, 2026

Brazil Business

Brazil’s Industry Lobby Asks Washington for a Deal in Two Stages

By · July 10, 2026 · 6 min read

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Trade

Key Facts

The letter. Brazil’s industry confederation CNI, AmCham Brasil and the US Chamber of Commerce wrote jointly to four ministers and officials on 9 July 2026.

The clock. Washington faces a statutory deadline of 15 July 2026 to act on a proposed 25% tariff on Brazilian goods.

Stage one. Market access for industrial inputs, regulatory cooperation, faster patent review, critical minerals and an anti-corruption protocol.

Stage two. A wider agenda covering energy security, supply chains, digital economy, decarbonisation, transport and agriculture.

Six charges. The United States investigation faults Brazil on digital payments, preferential tariffs, corruption, intellectual property, ethanol access and deforestation.

Shrinking stake. The United States took just over nine percent of Brazilian exports in the first half of 2026, down from twelve a year earlier.

With Brazil US tariffs days from a decision in Washington, the business lobbies of both countries have made a joint plea. Read the letter beside the American complaint and something odd appears.

Brazil’s Industry Lobby Asks Washington for a Deal in Two Stages. (Photo Internet reproduction)
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Three of the most powerful business groups in the Americas wrote to their governments on Thursday. They asked for a negotiated settlement before Washington imposes a twenty-five percent duty.

The signatories were Brazil’s National Confederation of Industry, known as the CNI, together with AmCham Brasil and the United States Chamber of Commerce. Between them they speak for thousands of firms on both sides.

What the Brazil US tariffs letter actually proposes

The letter went to two Brazilian ministers, Márcio Elias Rosa at development and industry and Mauro Vieira at foreign affairs. On the American side it reached Secretary of State Marco Rubio and Trade Representative Jamieson Greer.

Its structure is the news. The groups propose splitting talks into two stages rather than attempting a grand bargain against an immovable clock.

Stage one would be narrow and immediate. It would widen market access for industrial inputs, capital goods and products tied to energy security, data centres and artificial intelligence.

It would also deepen regulatory cooperation in cars, pharmaceuticals, animal health and medical devices.

The same stage asks Brazil to speed up patent examinations and clear its backlog. It also seeks wider cooperation on critical minerals and full use of the anti-corruption protocol in an existing bilateral trade agreement.

Only in a second stage would the agenda widen. It would then cover energy, supply chains, digital trade, decarbonisation, transport and agriculture.

Why the Brazil US tariffs proposal may miss the target

Here is the part worth pausing on. Set the lobby’s shopping list against the charge sheet Washington actually published.

In its determination of 1 June, the Office of the United States Trade Representative named six Brazilian practices it deems unreasonable. They are digital trade and electronic payments, preferential tariffs granted to Mexico and India, weak anti-corruption enforcement, intellectual property, ethanol market access and illegal deforestation.

The letter’s first stage touches two of the six, patents and the anti-corruption protocol. It glances at neither the payments complaint nor ethanol, while deforestation and the preferential tariffs to Mexico and India do not appear at all.

That is not an oversight so much as a revelation. The private sector offers commercial opportunity, while Washington argues about sovereignty, courts and a domestic payments system.

The complaint Brazil cannot easily settle

The payments charge is the hardest of the six. The American filing says Brazilian courts issued secret orders to American social media companies, and that Brazil favours a national champion in electronic payments.

That champion is Pix, the instant transfer system run by Brazil’s central bank. A trade deal on capital goods does not resolve a dispute about a state-run payment rail.

Nor is this the only American action in flight. A separate case covering sixty economies proposes duties over forced labour, and it sorts countries into two bands.

Economies that already ban imports made with forced labour, or have promised to, face ten percent. Everyone else faces twelve and a half.

Brazil sits in the second group. It is named among fifty-four that Washington says have not imposed such a ban.

The Rio Times has reported that the two measures could stack on the same goods, if both were finalised as proposed. AmCham has put the combined ceiling at thirty-seven and a half percent.

What is at stake, and how much

Ambassador Greer has said talks with Brazil accelerated in recent weeks, but that substantial differences remain. His statement points to the fifteenth of July as the statutory deadline for responsive action.

Abrão Neto, who heads AmCham Brasil, said a concentrated effort by both governments was essential on the eve of the deadline. The letter frames a two-phase approach as the pragmatic path.

The commercial backdrop is already shifting without any new duty. American buyers took just over nine percent of Brazilian exports in the first half of this year, against twelve percent a year earlier, according to figures this newspaper reported from AmCham.

For a foreign investor the implication is narrow and testable. If Washington acts on the fifteenth, watch whether it adopts the proposed rate in full or carves out the long exemption list attached to the June notice. That annex, not the headline number, decides which Brazilian goods actually pay.

Who signed the letter and who received it?

It was signed by Brazil’s National Confederation of Industry, AmCham Brasil and the United States Chamber of Commerce. It was sent to Brazilian ministers Márcio Elias Rosa and Mauro Vieira, and to American Secretary of State Marco Rubio and Trade Representative Jamieson Greer.

What happens on 15 July 2026?

That is the statutory deadline for the United States Trade Representative to take responsive action in the Section 301 case, following a hearing held on 6 July. The proposed measure is an additional twenty-five percent duty on Brazilian goods, with a long annex of exempted tariff lines.

Background: our doing business in brazil a complete guide for foreign entrepreneurs guide.

Why does Brazil face a second, separate tariff?

A parallel Section 301 case covering sixty economies concerns the failure to bar imports made with forced labour. It proposes ten percent for countries that impose such a ban and twelve and a half for those that do not, and Washington places Brazil in the second category.

Frequently Asked Questions

Who signed the joint letter and who did they send it to?

The letter was signed by Brazil's National Confederation of Industry (CNI), AmCham Brasil, and the US Chamber of Commerce. It was sent to four ministers and officials on 9 July 2026, including two Brazilian ministers.

What is the US tariff deadline and what rate is being proposed?

Washington faces a statutory deadline of 15 July 2026 to act on a proposed 25% tariff on Brazilian goods. The joint letter was written to seek a negotiated settlement before that duty is imposed.

What are the six issues the United States investigation raises against Brazil?

The US investigation faults Brazil on six charges: digital payments, preferential tariffs, corruption, intellectual property, ethanol access, and deforestation. These complaints form part of the backdrop to the ongoing tariff negotiations between the two countries.

Connected Coverage

Brazil Could Face Stacked US Tariffs of Up to 37.5%, Group Warns

US Share of Brazil’s Trade Hits a Record Low After Tariffs

Brazil Faces Second US Trade Probe as 60 Nations Targeted

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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