The Brazilian government may reduce ethanol import taxes to ease inflation and to align with U.S. President Donald Trump. Vice President Geraldo Alckmin is set to discuss tariffs with U.S. Commerce Secretary Howard Lutnick shortly.

Brazil’s government is currently contemplating the reduction of import taxes on ethanol, primarily as a gesture towards U.S. President Donald Trump, according to a report by the newspaper O Globo. This potential policy shift aims to alleviate inflationary pressures within Brazil’s economy. Furthermore, Brazilian Vice President Geraldo Alckmin is expected to engage in discussions with U.S. Commerce Secretary Howard Lutnick regarding these tariffs during a call scheduled for Friday.

In summary, Brazil is considering lowering ethanol import taxes, signaling a diplomatic gesture towards the United States while simultaneously working to mitigate domestic inflation. The upcoming conversation between Vice President Alckmin and Secretary Lutnick indicates proactive engagement between the two nations in addressing trade and economic issues.

Original Source: www.usnews.com

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