Brazilian Lula fights back against Trump’s 50% tariff threat against Bolsonaro incident
White House Economic Advisors Council Chairman Stephen Milan explains why tariffs are not causing a surge in inflation in “Varney & Co.”
Brazilian President Luis Inacio Lula da Silva returned to the president and applauded Donald Trump On Wednesday night he followed an announcement that he would slap the South American country with 50% tariffs.
In a letter sent to the Brazilian president this week, Trump said Lula da Silva could hope for tariffs to come into effect on August 1 in order to “an equal playing field that must be held with your country” and “to correct any serious injustice in the current regime.”
Trump has certain issues with the incidents he was collected Forms President Jair BolsonaroTrump’s ally, who faces trial for an attempted coup after losing the 2022 election.
Trump announces it will wipe out 50% tariffs on all Brazilian imports starting in August. 1
Brazilian President Luis Inacio Luiz Inacio will speak at a press conference at the Brick Summit held in Rio de Janeiro, Brazil on July 7, 2025. (Pablo Porcium/AFP Getty Images/Getty Images)
Trump claimed that Bolsonaro was innocent, calling the prosecutor a “witch hunt” and pushing the Brazilian president to drop the lawsuit Hard tariffs From its second largest trading partner after China.
Lula da Silva rebutted Trump’s argument, saying, “The claims regarding the US trade deficit in commercial relations with Brazil are inaccurate.”
Trump threatens an additional 10% tariff on “anti-American” BRICS countries
US President Donald Trump will arrive on March 19, 2019 to attend a joint press conference with Brazilian President Jia Bolsonaro at the White House Rose Garden in Washington, DC. (Jim Jim Watson/AFP via Getty Images/Getty Images)
“Statistics from the US government itself show a $4100 billion surplus in goods and services transactions with Brazil over the past 15 years,” he said in a statement posted on Wednesday evening X. “Therefore, optional Unilateral tariffs increase It will be addressed in accordance with Brazil’s Economic Interrelation Act. ”
Lula da Silva also refused to push Trump to end the accusations he was imposed on his allies, saying, “Brazil is a sovereign nation with an independent system and will not accept any form of leadership.”
President Donald Trump keeps the charts when making mutual tariff remarks at an event at the Rose Garden, entitled “Make America Wealthy” at the White House in Washington, DC on April 2, 2025. (Brendan Smialowski/AFP via Getty Images)
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“The judicial procedures for those responsible for planning a coup will only fall under the jurisdiction of the Brazilian judicial division, and therefore are not subject to interference or threats that could compromise the independence of the state system,” he added.
The now obvious trade war between Brazil and the United States is as other countries are rushing to ease tariffs enacted by Trump as the July 8 deadline broke out earlier this year.