EconomyLens.com
No Result
View All Result
Friday, July 18, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Brazil’s Lula calls Trump’s tariff threat ‘unacceptable blackmail’

Natalie Fisher by Natalie Fisher
July 18, 2025
in Economy
Reading Time: 5 mins read
A A
1
19
SHARES
235
VIEWS
Share on FacebookShare on Twitter

Brazilian President Luiz Inacio Lula da Silva (L) has locked horns with US President Donald Trump (R) on trade policy. ©AFP

Brasília (AFP) – Brazilian President Luiz Inácio Lula da Silva on Thursday slammed Donald Trump’s threat to impose 50 percent tariffs on Latin America’s largest economy as “unacceptable blackmail.” Lula’s comments during a nationally televised speech were the latest in a series of tense exchanges between the leaders, with the US president launching especially blistering attacks on the government in Brasília.

Related

China mulls economy-boosting measures to counter ‘severe situation’

Japan rice prices double, raising pressure on PM

US House passes landmark crypto measures in win for Trump

EU readies retaliatory list targeting US services

South Africa warns global turmoil threaten development goals

Trump announced on July 9 his intention to slap steep tariffs on Brazil as punishment for what he termed a “witch hunt” against his far-right ally, former president Jair Bolsonaro. The United States has also said it is investigating Brazil’s “unfair trading practices,” and Brasília has maintained that it is committed to negotiations. The tariffs on all products from Brazil would kick in on August 1 if Brasília and Washington do not reach an agreement.

In his speech, leftist leader Lula criticized Brazilian politicians who support Trump’s policies as “traitors to the homeland.” He stated that he would continue “betting on good commercial and diplomatic relations,” but warned: “Brazil has only one owner: the Brazilian people.” Bolsonaro is currently facing trial over accusations that he plotted a coup after his narrow 2022 election loss to Lula. If found guilty, he could face up to 40 years in prison.

Earlier on Thursday, Trump posted a letter addressed to Bolsonaro on his Truth Social platform in which he insisted Lula’s government “changes course” and “stop attacking” his political ally. “I have seen the terrible treatment you are receiving at the hands of an unjust system turned against you,” Trump wrote to Bolsonaro. “I have strongly voiced my disapproval both publicly and through our Tariff policy,” he added. Trump also expressed his concern about the attacks on free speech in Brazil and in the United States, alluding to the suspension in Brazil of Rumble, a video-sharing platform popular among conservative groups, due to its refusal to block a user accused of spreading disinformation.

Trump’s intervention in the Bolsonaro case has improved Lula’s popularity, who has appealed for national unity in the face of US “interference.” Unlike the tariffs Trump is imposing on economies around the world, including top US allies, the measures against Brazil were announced in openly political terms. Brazil had not been among dozens of trade partners previously threatened with duties above a 10 percent baseline. The United States runs a goods trade surplus with Brazil, which has repeatedly requested that Washington identify areas of particular concern. Brazil expressed “indignation” at the stiff proposed tariff in a letter addressed to US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.

© 2024 AFP

Tags: BrazilDonald Trumptariffs
Share8Tweet5Share1Pin2Send
Previous Post

Gulf Air orders 12 Boeing 787 Dreamliners

Next Post

What to know about Trump’s effort to oust Fed Chair Powell

Natalie Fisher

Natalie Fisher

Related Posts

Economy

US senators approve $9 billion of Elon Musk’s federal cuts

July 17, 2025
Economy

China moves to tame ‘irrational competition’ as EV price war persists

July 16, 2025
Economy

Trump says not firing Fed chair — but not ruling out

July 17, 2025
Economy

EU unveils blueprint for boosted 2-trillion-euro budget

July 16, 2025
Economy

Pakistan’s quiet solar rush puts pressure on national grid

July 16, 2025
Economy

Indonesia hails ‘new era’ with US after Trump trade pact

July 16, 2025
Next Post

What to know about Trump's effort to oust Fed Chair Powell

Asian markets on course to end week on a positive note

Japan's SMEs ready to adapt to Trump tariffs

California to sue Trump govt over axed high-speed rail funds

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

North Korea bars foreign tourists from new seaside resort

July 18, 2025

China mulls economy-boosting measures to counter ‘severe situation’

July 18, 2025

California to sue Trump govt over axed high-speed rail funds

July 17, 2025

Japan’s SMEs ready to adapt to Trump tariffs

July 18, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.