U.S. President Donald Trump will host Brazilian President Luiz Inácio Lula da Silva on Thursday for talks focused on the economy and security. This was reported by Bloomberg, according to UNN.
Details
According to the White House, during the working visit, the parties will discuss issues of economic cooperation and security, in particular the impact of the war in Iran on the global economy. The meeting takes place against the backdrop of rising tensions in the Middle East, which are already affecting global energy markets.
In the past, Trump and Lula have had a complex relationship, particularly due to trade disputes and political differences. A separate factor of conflict was the situation surrounding former Brazilian President Jair Bolsonaro, a Trump ally.
The U.S. had previously imposed tariffs on Brazilian goods and sanctions against a Brazilian Supreme Court justice, which drew a sharp reaction from Lula.
The parties have partially normalized the dialogue
After a series of contacts, including at the UN General Assembly and a meeting in Malaysia, relations have somewhat improved. In particular, the U.S. lifted some tariffs on Brazilian exports.
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However, certain restrictions remain, particularly regarding steel supplies, which remains a subject of dispute.
Washington is interested in cooperating with Brazil in the field of critical minerals. The country has significant reserves of rare earth elements necessary for modern technologies.
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