🇺🇸 Trump Targets Brazil with Tariff Threat – Lula Pushes Back 🇧🇷
Trump is threatening a 50% tariff on Brazilian imports, linking the move to Bolsonaro’s prosecution. He called Bolsonaro's treatment “very unfair” but said he may talk to President Lula “at some point.”
Lula fired back, open to talks but warning of retaliation if diplomacy fails. “We’ll negotiate, but if not, reciprocity applies,” he told Record TV.
Despite tensions, Brazil downplayed economic risks, maintaining its 2.5% GDP growth forecast. Key exports like oil and minerals are likely exempt, but sectors like aerospace could feel the pinch. Still, exporters, especially in beef, are uneasy.
Markets responded:
📉 Real down 0.7%
📉 Bovespa index -0.5%
Meanwhile, Trump’s 50% copper tariffs, starting August 1, will include refined metal and semi-finished products. Industry groups warn this could disrupt supply chains and global scrap exports.
Lula called Trump’s stance “outrageous,” accusing Bolsonaro of not just planning a coup, but “preparing my death.” Bolsonaro denies it all.
#Trump #Lula #Brazil #Tariffs #Copper #Bolsonaro #Geopolitics #Markets $DOGE