Lula could meet Trump again at a summit of heads of state in 2026
Asean and G20 appear as options for a meeting in November or December, with a 25% tariff and rare earths on the agenda, according to Gazeta do Povo.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM GAZETA DO POVO · 2 MIN
Lula and Donald Trump could meet again in 2026. According to Gazeta do Povo, there are negotiations to get closer in at least one of the heads of state summit events scheduled for November and December. The information was published by Folha on Friday (30) and confirmed to Gazeta by people close to diplomacy.
The two alternatives mentioned are Asean, in the Philippines, from November 15th to 17th, and the G20, in Miami, in the United States, from December 14th to 15th. Itamaraty and Secom were contacted by Gazeta do Povo, but did not respond until publication.
The last meeting between the two took place at Asean, in Kuala Lumpur, in 2025, when they discussed the suspension of the 50% tariff announced in July of that year. Today, according to Gazeta, the United States applies a 25% tariff to Brazil this year, within Section 301, which deals with commercial practices considered unfair. In August, there was direct contact lasting around an hour and twenty minutes, after Trump received Senator Flávio Bolsonaro (PL-RJ) in his office.
Among the topics that could come to the table are the 25% tariff and negotiations on the exploration of rare earths in Brazil. The climate, however, has noises. On Thursday (29), Trump said he would talk to Lula and called the Brazilian election a “disgrace”. Flávio Bolsonaro's trip to the United States, made two days after his defeat in the presidential election, is another sensitive point, and Lula's allies want the case to be left solely to the courts.
There is also the possibility of a formal invitation from Lula to Trump for the inauguration of his fourth term, scheduled for January 5th. According to Gazeta, the decision depends on Trump's performance in the mid-term legislative elections, which take place the following week.
What changes for the investor
For those who follow the stock market, Nasdaq, interest rates and the dollar, the central point is the 25% tariff and the possible negotiation on rare earths. A rapprochement that leads to the reduction of barriers tends to be read by the market as less commercial uncertainty, while an impasse keeps the tariff on the radar of exporters and companies linked to foreign trade. The agenda, however, still depends on dates, invitations and the American electoral result, and none of this is confirmed. This text is not a recommendation to buy or sell and does not project prices.
Automatically translated from Portuguese.
