Brazil and the United States are discussing their trade relationship. Brazil’s National Confederation of Industry (CNI) says there is a big opportunity. Brazil may be able to export almost $8 billion in products to the U.S. without high taxes. These special taxes are called tariffs. This good news came after the presidents of Brazil and the U.S. talked on the phone. Business leaders are very hopeful about this change. In the past, high tariffs made it difficult for Brazil to sell its products in the U.S., and sales dropped. Now, the goal is to lower these tariffs. This will help businesses and make the economic partnership between the two countries stronger. Everyone is waiting to see the positive results from these important talks.
New Words:
1. Trade: The action of buying and selling things between countries.
Example: The trade between the two countries is growing every year.
2. Tariff: A special tax on things that are brought into a country to be sold.
Example: The government put a new tariff on imported cars.
3. Export: To sell and send products to another country.
Example: Brazil wants to export more coffee to Europe.
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