EconomyLens.com
No Result
View All Result
Saturday, October 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’

Thomas Barnes by Thomas Barnes
July 20, 2025
in Economy
Reading Time: 5 mins read
A A
3
40
SHARES
504
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 Inacio 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 Brasilia.

Related

China and US agree to fresh trade talks

Argentine peso drops against dollar despite US backing

In Argentine farm town, Milei mania fizzles

US Fed official urges caution but says could back October cut

US Treasury chief to meet China counterpart as tensions flare

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 Brasilia said it was committed to negotiations. The tariffs on all products from Brazil would kick in on August 1 if Brasilia and Washington do not reach an agreement.

In his speech, leftist leader Lula slammed Brazilian politicians who back Trump’s policies as “traitors to the homeland.” He said he would continue “betting on good commercial and diplomatic relations,” but warned: “Brazil has only one owner: the Brazilian people.” Bolsonaro is facing trial over accusations 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 said he was “concerned about the attacks on free speech” in Brazil and in the United States. He appeared to be alluding to the suspension in Brazil of Rumble, a video-sharing platform popular among conservative groups, over 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 slapping 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 said it had repeatedly requested that Washington point out 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: politicstariffstrade
Share16Tweet10Share3Pin4Send
Previous Post

Japan’s SMEs ready to adapt to Trump tariffs

Next Post

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

Thomas Barnes

Thomas Barnes

Related Posts

Economy

US puts plan to cut ship emissions in troubled waters

October 17, 2025
Economy

Maritime sector to decide on plan to cut emissions opposed by US

October 17, 2025
Economy

US budget deficit narrows just slightly despite tariff revenues

October 17, 2025
Economy

Europe ‘well positioned’ for future shocks: ECB’s Lagarde

October 16, 2025
Economy

Greece lawmakers back plan to allow 13-hour workday

October 16, 2025
Economy

Putin says Russia a top oil producer, despite ‘unfair’ pressure

October 16, 2025
Next Post

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

US House passes landmark crypto measures in win for Trump

EU, UK target Russian oil in tough new Ukraine war sanctions

Resilient US economy spurs on stock markets

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
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

New York ruling deals Trump business a major blow

79

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

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

71

Stock markets waver, oil prices edge up

65

China and US agree to fresh trade talks

October 17, 2025

US court bars NSO Group from installing spyware on WhatsApp

October 17, 2025

Brewing crisis: java-loving NY confronts soaring coffee costs

October 17, 2025

US stocks bounce back as Trump softens China trade tone

October 17, 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.