Brazil, US Trade Probe
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He met with executives from Brazil and the US to discuss the tariffs imposed by Trump on Brazilian products as well as the trade investigation against Brazil launched by the US.
Differences between the two countries must be addressed through negotiation and mutual respect, not punitive measures.
The Trump administration has launched a trade investigation into Brazil over unfair policies harming American workers, companies, and digital platforms.
WASHINGTON: United States President Donald Trump launched his global tariff assault into overdrive on Wednesday (Jul 9), announcing a new 50 per cent tariff on US copper imports and a 50 per cent duty on goods from Brazil,
The fight is rooted in years of political history between President Trump and the last two presidents of Brazil.
The diplomatic relations between the US and Brazil hit an all time low after Trump slapped a 50 per cent tariff on Brazilian goods in support of former president Jair Bolsonaro, who is facing trial for allegedly plotting a coup to stop Lula from taking office in 2023.
RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country’s criminal trial against his predecessor, Jair Bolsonaro.