Monday, Feb 24th 2020 6:33 PM

Market Digest Nigeria


Trump says will work on a trade deal with Brazil


U.S. President Donald Trump on Tuesday said his administration will pursue a trade agreement with Brazil, opening the door to a possible resolution over an earlier trade dispute between the two nations.

“We’re going to work on a free trade agreement with Brazil,” Trump told reporters at the White House without giving any other details. The Trump administration imposed steel and aluminum tariffs on Brazil and a number of other countries last year as it sought to shore up the U.S. metals industry amid Trump’s “America First” agenda.

Since then, Brazil far-right President Jair Bolsonaro won the presidency in a victory often compared to Trump’s in their shared conservative and populist politics, and has since visited the White House.

“Brazil is a big trading partner. They charge us a lot of tariffs, but other than that we love the relationship,” Trump told reporters on Tuesday, citing what he called his great relationship with Brazil and praising Bolsonaro.

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