Brazilian and American business associations have submitted a joint proposal to Washington and Brasília aimed at preventing the imposition of a 25% tariff on Brazilian imports.
The letter, sent by the Brazilian Industry Confederation (CNI) and the American Chamber of Commerce for Brazil, outlines a two-stage agreement designed to resolve the underlying trade tensions before the statutory deadline expires on July 15.
The move represents a concerted effort by the private sector to bridge the gap between the two governments as diplomatic channels remain strained.
By proposing a structured deal, the business groups are signaling that the proposed tariffs would inflict significant damage on bilateral commerce and supply chains.
The proposal seeks to offer a face-saving mechanism for both sides, allowing for a de-escalation without requiring an immediate reversal of policy positions.
The urgency of the situation is underscored by the shifting dynamics of trade between the two nations.