31 Jul 2025, 04:36
Trump raises tariffs on Brazilian goods by 50 percent
- Trump raised tariffs on Brazilian goods by 50%
- Lula rejected external intervention in Brazil's affairs
- Brazil plans to respond to the new US tariffs
US President Donald Trump signed an executive order, increasing tariffs on Brazilian goods by 50%. This decision was a result of political tensions between the US and Brazil, particularly due to the judicial investigations against former Brazilian President Jair Bolsonaro.
Trump announced the new tariffs on July 31, 2025, emphasizing that this is related to the actions of the Brazilian government, which, in his opinion, threaten US national security and economy. It was also stated that Brazil is forcing American companies to censor political expressions.
Lula da Silva, President of Brazil, responded to this, stating that the country cannot tolerate external intervention in its internal affairs. Lula also emphasized that Brazil is ready for diplomatic negotiations, but will not accept pressure.
The Brazilian government is developing plans to support sectors of the economy that are most affected by the new tariffs. For instance, the country may introduce measures in response, including implementing equivalent tariffs on American goods.
Meanwhile, Brazilian exporters are preparing for negative consequences from the new tariffs. They express concern that this may lead to increased prices for American consumers and reduced export volumes.
Tags: USA/Economy