Brazilian President Luis Inacio Lula da Silva declared it After Trump threatens to impose a 50% tariff on Brazilian imports, the country can survive without engaging in the United States. Lula further assured that he would look for other trading partners.
In a live interview with Record TV, the Brazilian leader emphasized that they need to find new partners to sell their products. He then learned about the role the United States played in their economy. He says that Brazil’s trade with the US only constitutes 1.7% of GDP, and claims that it can be managed. No US.
He also repeated comments made at the recent BRICS summit in Rio de Janeiro, where he called for a global shift from the US dollar in international trade. Lula urged fellow world leaders to explore alternatives to greenback in order to reduce global commercial dependence.
Lula condemns Trump’s trade strategy
in Wednesday letterOn July 9, President Donald Trump threatened Brazil and warned him of a 50% tax on all imports. He said the piloting was retaliation for the ongoing legal issues of Brazilian military officer and former president, Jia Bolsonaro.
Additionally, the US taxes, which were first announced in April, came after the BRICS Emerging Market Nations’ Summit. The event saw Lula and other leaders speaking out against tariffs and military actions in Iran, but they did not directly mention Trump.
Lula had promised to respond by taking his own actions. His government and supporters supported him, accusing Trump of interfering with Brazilian businesses through rapid public relations efforts.
In particular, the US is Brazil’s second largest trading partner after China. Economists believe that a 50% tariff could cause a 1% drop in Brazil’s economy.
Trump finds himself plagued by the threat of new tariffs in Brazil
President Trump’s tariff threat put his concept of power on serious court tests. After the US president sent a letter stating that tariffs were primarily a response to the treatment of the former Brazilian president, he invoked the International Emergency Economic Force Act (IEEPA) and justified the imposition of retaliatory tariffs on certain foreign threats, White House officials confirmed.
The IEPA administration call in this context has not been challenged, and cases that challenge Trump’s mutual tariffs are before the federal court of appeals.
Trump’s Legal Team He defended his actions in court, saying that using Ieepa is legal and intended to correct many national emergency situations, including an increase in the US trade deficit.
The US Senator criticizes Trump’s tariff policy on Brazil, calling it “a tariff that kills new jobs.”
Some argue that a 50% tariff on Brazilian imports does not directly affect Trump’s ongoing lawsuit. Still, others warn that his hostile trade manipulation could undermine the regime’s credibility.
Virginia Sen. Tim Kane commented on the situation. Kane said Trump’s letter on tariffs against Brazil was an all-new level of abuse of power.
He then promised to use all the options available to suspend these new job duties.
Oregon Sen. Ron Wyden also criticized Trump’s actions. Wyden accused Trump of trying to harm the economy in order to resolve his personal grudge.
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