Brazilian Foreign Minister Mauro Vieira said after a meeting with his US counterpart Marco Rubio in Washington - which was held after months of diplomatic feud between the countries - that he hopes for a preliminary trade agreement with the US as early as November.
A more comprehensive trade agreement could then take a couple of months to finalize to "finally" resolve all outstanding issues between the countries, according to Vieira.
The schism between the countries gained momentum after US President Donald Trump threatened 50 percent tariffs on Brazil this summer while demanding that the trial of Brazil's former President Jair Bolsonaro be stopped.
Trump is also preparing major tariff cuts on food from Argentina, Guatemala, El Salvador and Ecuador, according to four agreements presented on Thursday. These include reduced tariffs on beef, bananas and coffee beans from the four countries.
