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Lula says the US has ignored Brazil’s attempts to negotiate Trump’s announced tariff
BRAZIL, JUL 24 – Brazil plans a credit-based countermeasure after U.S. threatened 50% tariffs linked to legal issues involving former President Bolsonaro, with 10 negotiation meetings so far.
- Brazil's President Lula said his government has failed to negotiate a 50% U.S. tariff announced by Trump, expected to begin August 1.
- Brazil held ten meetings and sent a May 16 letter seeking clarification, but Washington ignored negotiations amid Bolsonaro's escalating trial.
- The tariff targets essential imports like machinery and aluminium, threatens Brazil's coffee sector, and risks disrupting global economic chains.
- Brazil's Ambassador warned that tariffs interfere in third countries' affairs and may trigger high prices and economic stagnation worldwide.
- The tariff could damage Brazilian competitiveness, especially harming family coffee farmers who produce two-thirds of exports, raising fears of livelihood loss.
31 Articles
31 Articles
Brazil’s Annual Inflation Ticks Up Before Donald Trump’s 50% Tariff Deadline
Brazil’s inflation edged up in early July as US President Donald Trump threatened to slap the South American nation with punishing tariffs, further complicating the consumer price outlook for the central bank.
Brazilian President Luiz Inácio Lula da Silva said Thursday that his government has been unsuccessful in negotiating the 50% tariff on Brazilian imports that U.S. President Donald Trump has threatened to impose.
Observador
Dnoticias"He sent a letter asking them to stop persecuting Bolsonaro. An act of disrespect for Brazil and Brazilian justice," Lula da Silva said about the imposition of US tariffs.
Lula says the US has ignored Brazil's attempts to negotiate Trump's announced tariff
Brazilian President Luiz Inácio Lula da Silva says that his government has not been successful in trying to negotiate the 50% tariff on Brazilian imports that U.S. President Donald Trump announced earlier this month.
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