Trump imposes 50% tariffs on Brazil after spat with Lula

11 July 2025 07:08 pm Views - {{hitsCtrl.values.hits}} 8 Bookmark

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U.S. President Donald Trump said that the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor."

Brazil's President Luiz Inacio Lula da Silva fired back on Wednesday, saying new tariffs would be met with reciprocal measures.

In a letter, Trump linked the tariffs to Brazil's treatment of former President Jair Bolsonaro, who is on trial over charges of plotting a coup to stop Lula from taking office in 2023.

The levies were imposed due "in part to Brazil's insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans," the letter said.

Brazil's real currency added to earlier losses to fall over 2% against the dollar after the announcement, and companies such as planemaker Embraer (EMBR3.SA), and oil major Petrobras (PETR4.SA), also suffered setbacks in the stock market.

Lula, his vice-president, his finance minister, and others held an emergency meeting in Brasilia on Wednesday night to discuss the new levies.

In a lengthy post to social media after the meeting, Lula said Trump's accusations that trade between the two countries was unfair to the U.S. were false, stressing the U.S. runs a trade surplus against Brazil.

Comments - 8

Lk Friday, 11 July 2025 07:27 PM

. he is good for business not for politics

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Sokrates Saturday, 12 July 2025 07:55 AM

Not even good for business. In his career as a businessman, he went bankrupt three times. 2 times he was bailed out by his father and once by a banking syndicate.

1 10

ICC Saturday, 12 July 2025 06:09 PM

DWARF FOX SAID MUST JOIN WITH BRICKS. IF WE JOIN, TRUMP IMPOSES 50% TARIFFS ON SL

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Dr Tissa Fernando Saturday, 12 July 2025 03:46 AM

Please let us send Sajith to Brazil to lead negotiation on behalf of Brazil on the condition that he gets paid 1% of the reduction that he negotiates for. That way Sajith could bring much needed dollars to this country instead of wasting time in the Parliament.

1 1

Jude Saturday, 12 July 2025 08:07 AM

Tariffs are counterproductive!! Tariffs are like double edged sword. These tariffs not gonna last Till The end of the year.

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Kawantissa Saturday, 12 July 2025 10:53 AM

Same as the life of these habitual governances? They are only good at ...... guided by visually impaired grandpa's stick. Tariffs are for all countries and trade profits are dependent on the difference of rates imposed by the party (porky pig) ready to reduce national consumption and prepare for all out WAR before the end of this year.

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Jude Saturday, 12 July 2025 08:24 AM

If you're the president, then your actions should benefit it's citizens. Tell me, is the consumers are the winners here!???

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Dr Tissa Fernando Saturday, 12 July 2025 07:00 PM

End consumers will pay higher prices for coffee and burgers. Two main consumer items .

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