Chinese President Xi Jinping (L) and Brazilian President Luiz Inacio Lula da Silva react during a meeting in Brasilia, Brazil, in November 2024. The two leaders poke by telephone for more than an hour Monday to work on trade agreements. File Photo by Andressa Anholete/EPA
July 27 (UPI) -- Brazil and China agreed Monday to speed up negotiations on a trade agreement between Mercosur and China as both countries seek to strengthen economic ties after new U.S. tariffs hit Brazilian exports.
Brazilian President Luiz Inácio Lula da Silva and Chinese President Xi Jinping spoke by telephone for more than an hour just days after the United States confirmed a 25% tariff on Brazilian exports.
Lula said on X that the two leaders reaffirmed their commitment to expanding cooperation in strategic and high-technology sectors, including artificial intelligence, satellites, critical minerals processing and fertilizer trade.
Mantive na noite deste domingo, 26 de julho, uma conversa telefônica de mais de uma hora de duração com o presidente da China, Xi Jinping.
