'Blackmail': Brazilian President Lula slams Trump’s 50% tariff; threatens retaliation
Brazilian President Luiz Inácio Lula da Silva strongly criticized former U.S. President Donald Trump’s announcement of a proposed 50% tariff on Brazilian exports. Lula described the move as “blackmail” and said Brazil would not accept unfair trade restrictions that harm its economy. The Brazilian leader stressed that his government is ready to defend national interests and will consider countermeasures if Washington enforces the tariff. He argued that protectionist policies undermine fair competition, especially at a time when global trade is already strained. The threat comes as Trump intensifies his economic stance ahead of political campaigns, raising fears of a potential trade dispute. Brazil’s government emphasized that retaliation would be measured but firm, aiming to protect jobs, industries, and the country’s economic stability against unilateral U.S. trade pressure.
The Key points
- Trump proposed a 50% tariff on Brazilian exports.
- Lula condemned the move as “blackmail.”
- Brazil warned of possible retaliatory trade actions.
- Lula said unfair tariffs harm economic stability.
- Protectionist policies threaten global trade balance.
- Brazil emphasized defending national industries and jobs.
- Lula stressed the need for fair competition.
- Trade dispute risks straining U.S.–Brazil relations.
- Trump’s tariff stance tied to political strategy.
- Brazil aims for strong but measured response.
Disclaimer: This preview includes title, image, and description automatically sourced from the original website (timesofindia.indiatimes.com) using publicly available metadata / OG tags. All rights, including copyright and content ownership, remain with the original publisher. If you are the content owner and wish to request removal, please contact us from your official email to no_reply@newspaperhunt.com.
