United States President Donald Trump met Brazilian President Luiz Inácio Lula da Silva on the sidelines of the ASEAN summit in Kuala Lumpur, Malaysia, expressing optimism about achieving “some pretty good deals” for both nations.
"I think we should be able to make some pretty good deals for both countries. And I'm going to leave that a little bit to Jamison (Greer) and Scott (Bessent) and Marco (Rubio) and in different ways. Marco, less on economics. You could do it very well, but I don't think you'll have to. But I think we'll have, I think we'll be able to do some pretty good deals. We've been speaking and I think we'll end up having a very good relationship. We always have had a good relationship. I think it'll continue," said Trump.
"Brazil is, we're going to make a deal, I think we'll make a deal with Brazil. We get along very well. We met just before I found out that they turned off my teleprompter at the United Nations. When I walked up I had no teleprompter. I just shaked his hand and then got up, and they were introducing me. And I see all the leaders, 158 leaders. And I notice there was nothing on my teleprompter, that wasn't nice. But it worked out well. I think it was a better speech than if I had," Trump added.
The meeting on October 26 took place amid the United States imposing tariffs of at least 50% on various Brazilian goods. Lula confirmed that both sides agreed their teams would “meet immediately” to discuss the tariffs.
“I had a great meeting with President Trump on Sunday afternoon in Malaysia. We discussed the bilateral trade and economic agenda in a frank and constructive manner. We agreed that our teams will meet immediately to advance in the search for solutions to the tariffs and sanctions against Brazilian authorities,” Lula posted on X.
During his visit for the ASEAN summit, Trump also signed reciprocal trade agreements with Cambodia and Malaysia, along with a framework agreement with Thailand and Vietnam.
US President Donald Trump and Malaysian Prime Minister Anwar Ibrahim also witnessed the signing of a peace accord between Phnom Penh and Bangkok.
“Alongside this peace treaty, we are also signing a major trade deal with Cambodia and a very important critical minerals agreement with Thailand,” Trump said.
“I thank my counterparts from Malaysia, Cambodia, Thailand, and Vietnam for their collaboration and commitment in achieving a more balanced trade relationship with the United States,” he added.
Under the framework for reciprocal trade with Thailand, the US will maintain a 19% tariff on Thai products while identifying items where tariffs could be reduced or removed. Thailand, in turn, will eliminate tariff barriers on nearly 99% of goods, covering a broad range of US industrial, food, and agricultural products, according to a joint statement from the White House.
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