Hugo Motta, the president of Brazil's Chamber of Deputies, has confirmed that the voting on the EU-Mercosur trade agreement will take place next week as part of a strategy to address uncertainties surrounding imposed tariffs by the United States. Motta emphasized the necessity for Brazil to strive for predictability in its international relations, indicating the importance of this trade deal amidst current economic pressures.

The timing of this announcement coincides with a significant ruling by the US Supreme Court which deemed the tariffs imposed by former President Donald Trump as illegal. The ruling is particularly relevant for Brazil, which faced punitive tariffs of up to 50% before negotiations previously reduced some of those tariffs late last year. This context highlights the complex international trade environment that Brazilian lawmakers must navigate, particularly as they consider the EU-Mercosur agreement.

Motta has appointed deputy Marcos Pereira as the rapporteur for the agreement in the chamber, who has expressed gratitude for the role and resumed negotiations on the matter. The agreement will be discussed in the plenary only after it passes through the relevant committees, reflecting the procedural steps necessary for such significant economic legislation. The drive to finalize this agreement comes at a critical time when trade dynamics are being re-evaluated globally due to changing political landscapes and economic realities.