The South American powerhouse is the second-largest exporter of steel to the United States after Canada, shipping four million tonnes of the metal in 2024.
But after the policy came into effect on March 12, the Brazilian finance minister said Lula had decided not to retaliate and instead called for “calm”.
“We are going to take the approach that we think will be good for Brazil,“ he said.
“We cannot stand still believing that only they are right and that only they can tax other products.”
Lula has portrayed such an agreement as a way for the two economies to boost trade in the face of growing protectionism under Trump.
On Thursday, Lula also reacted to Brazil’s Supreme Court ordering far-right former president Jair Bolsonaro to stand trial on charges of plotting a coup.
“He has no way of proving that he is innocent,“ Lula said. “Everyone knows what he did.”
Hence then, the article about brazil cannot stand still in reaction to us tariffs lula was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Brazil ‘cannot stand still’ in reaction to US tariffs: Lula )
Also on site :