Government awaits US proposal on tariffs as Greenland ratifies security agreement

According to InfoMoney, Márcio Elias Rosa, head of the Ministry of Development, Industry, Commerce and Services (MDIC), declared that Brasília is waiting for a signal from Washington about import taxes until next week. The draft agreement, also according to the vehicle, was promised by the Americans within four weeks.

The meeting was held on September 30th, in the city of Milwaukee, in the United States, and coincided with the meeting of the heads of the G20 trade departments. On the occasion, Chancellor Mauro Vieira and Elias Rosa met with Jamieson Greer, head of the USTR, the American trade office.

Gazeta do Povo reports that, during this period, the Brazilian government had informal dialogues with Washington, without disclosing the content of these conversations. The same report does not provide additional values ​​or deadlines for the tariff proposal, described only as expected for the following week.

In the same period, the Greenland Parliament ratified the security agreement signed by the United States, Denmark and the island, by 16 votes in favor and 7 abstentions. In New York, on September 22, the agreement received the signatures of Donald Trump, the Danish head of government Mette Frederiksen and the Prime Minister of Greenland, Jens-Frederik Nielsen.

According to Revista Oeste, the agreement expands the space that US forces occupy on the island, maintains Denmark's sovereignty and the right of Greenlanders to decide their own destiny, and revises the rules of joint defense, focusing on the protection of the Arctic and the North Atlantic. According to the same vehicle, the approval makes new American military bases in the region more realistic, in a move that comes after months of insistence from Trump, who had been repeatedly defending the annexation of the territory. Officially, the goal is to preserve Greenlandic autonomy with Denmark in charge. Greenland enjoys semi-autonomy and belongs to a NATO ally country.

What is at stake is the combination of two themes that run in parallel on the American agenda: trade and security. For those who produce and invest, the predictability of commercial rules usually weighs more than the announcement of intentions, and it is precisely this predictability that is still lacking in tariffs.

Reflections for those who invest money in the market

While the American proposal does not arrive, the main source of uncertainty for exporters and companies with revenue linked to the United States continues to be the lack of numbers. Without defined values ​​or deadlines, it is reasonable for the market to wait before reevaluating scenarios. The agreement on Greenland has a more indirect effect, as it deals with defense and military presence and, in the facts established, does not have consequences on tariffs or prices. The point to monitor is whether the draft trade agreement will arrive within the expected four weeks and whether it will include specific tariffs, as this will define the extent of a possible change in scenario.

Automatically translated from Portuguese.