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Brazil Trade Envoy Meets US Treasury at G20 Over Tariffs

7/28/2026

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Summary

Story summary

Dario Durigan will meet U.S. Treasury Secretary Scott Bessent at the G20 to press Brazil’s tariff case.
The U.S. imposed a 25% tariff and a 12.5% forced-labor surcharge on Brazilian goods, covering 23.1% of exports, with 16.5% subject to a 37.5% duty.
Durigan expects settlement after the October election, where President Luiz Inácio Lula da Silva faces Senator Flávio Bolsonaro.
Brazil projects growth above 2% while seeking broader trade ties.

History

Historical Context

The 1995 U.S. anti-dumping duty—15% on Brazilian shoes covering roughly 20% of Brazil’s exports—triggered a trade dispute that ended with a 1996 settlement lifting the tariffs. That clash occurred as GATT transformed into the WTO, cementing multilateral trade rules. Today, Dario Durigan and Treasury Secretary Scott Bessent revive the dispute at the G20, pressing back against a new 25% tariff and forced-labor surcharge.

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Story summary

Dario Durigan will meet U.S. Treasury Secretary Scott Bessent at the G20 to press Brazil’s tariff case.
The U.S. imposed a 25% tariff and a 12.5% forced-labor surcharge on Brazilian goods, covering 23.1% of exports, with 16.5% subject to a 37.5% duty.
Durigan expects settlement after the October election, where President Luiz Inácio Lula da Silva faces Senator Flávio Bolsonaro.
Brazil projects growth above 2% while seeking broader trade ties.

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