8 hours agoThe Bolsonaron impact, Brazil's Lula, responds to Trump's threat of 50% tariff: We Will Answer the Same
Periskopi(a year ago)
(a year ago)Following US President Donald Trump's threat that he will set 50% fee for goods from Brazil, Brazilian President Luiz Inacio Lula da Silva has indicated that he too is willing to set equal fees on the United States if the latter apply the threat. According to reports by foreign media, in one [...]
According to reports by foreign media, in a letter to Brazilian authorities, Trump has cited as the reason for the increase in tariffs, treatment being done to former Brazilian President Jair Bolsonaro.
It is known that Bolsonaro is currently on trial, accused of trying to organise a coup against Lula after losing in the 2022 elections. However, Trump through a post on Social Truth described Bolson as “a widely respected world leader”, saying that “this trial should not be held,” and calling for this “witch judiciary” to be stopped immediately, against former presidents.
We remember Trump's support for Bolsonaro is not surprising, since both have been considered close allies for years. However, his threat to Brazil at 50% tariffs has been met with a harsh response from the Aztec president.
In a post on the X platform, Lula stressed that Brazil is “a sovereign state with independent institutions and will not accept any kind of dictatorship”. The head of the Brazilian state also announced that “any unilateral increase in tariffs” would be countering taxes equal to American goods.
The US is Brazil's second-largest trading partner, after China, to an increase in tariffs from 10% to 50% would have a major impact on the country's economy. /Periscopi/
