The Japan Times - Brazil's Lula calls Trump's tariff threat 'unacceptable blackmail'

EUR -
AED 4.323624
AFN 75.940287
ALL 95.687478
AMD 441.242259
ANG 2.107224
AOA 1080.758104
ARS 1599.419799
AUD 1.642433
AWG 2.120604
AZN 2.006077
BAM 1.955544
BBD 2.375189
BDT 144.991026
BGN 1.96385
BHD 0.445242
BIF 3506.541132
BMD 1.177296
BND 1.500804
BOB 8.148934
BRL 5.863881
BSD 1.179346
BTN 109.436679
BWP 15.822929
BYN 3.349562
BYR 23075.00039
BZD 2.37179
CAD 1.62202
CDF 2719.554043
CHF 0.919924
CLF 0.026581
CLP 1046.173097
CNY 8.02651
CNH 8.025203
COP 4252.443522
CRC 537.829619
CUC 1.177296
CUP 31.198342
CVE 110.250573
CZK 24.292918
DJF 210.002519
DKK 7.478542
DOP 70.700748
DZD 156.180562
EGP 61.083063
ERN 17.659439
ETB 184.137404
FJD 2.6116
FKP 0.869683
GBP 0.870234
GEL 3.183245
GGP 0.869683
GHS 13.031295
GIP 0.869683
GMD 86.535785
GNF 10346.646031
GTQ 9.01882
GYD 246.727713
HKD 9.228764
HNL 31.3339
HRK 7.540232
HTG 154.429791
HUF 361.795271
IDR 20178.852382
ILS 3.484549
IMP 0.869683
INR 109.021729
IQD 1544.897834
IRR 1555796.58282
ISK 143.712969
JEP 0.869683
JMD 186.4556
JOD 0.834749
JPY 186.748615
KES 151.890124
KGS 102.954982
KHR 4717.38268
KMF 492.110114
KPW 1059.54421
KRW 1727.223095
KWD 0.363031
KYD 0.982771
KZT 552.967638
LAK 26018.595189
LBP 105605.880343
LKR 372.771219
LRD 216.991604
LSL 19.329071
LTL 3.476249
LVL 0.712135
LYD 7.457024
MAD 10.880676
MDL 20.272347
MGA 4891.359913
MKD 61.631935
MMK 2472.587069
MNT 4209.502521
MOP 9.512755
MRU 47.136832
MUR 54.497475
MVR 18.20144
MWK 2044.932399
MXN 20.380292
MYR 4.653267
MZN 75.294007
NAD 19.329071
NGN 1580.496695
NIO 43.394321
NOK 11.029737
NPR 175.099086
NZD 2.013677
OMR 0.454021
PAB 1.179346
PEN 4.057269
PGK 5.112331
PHP 70.124501
PKR 328.817071
PLN 4.231614
PYG 7513.016842
QAR 4.299437
RON 5.098167
RSD 117.334646
RUB 89.63827
RWF 1723.174504
SAR 4.416103
SBD 9.460335
SCR 17.672434
SDG 707.555258
SEK 10.789215
SGD 1.495406
SHP 0.87897
SLE 28.990957
SLL 24687.302663
SOS 674.011798
SRD 44.391165
STD 24367.648971
STN 24.496794
SVC 10.31865
SYP 130.128292
SZL 19.323471
THB 37.700592
TJS 11.120745
TMT 4.126422
TND 3.422652
TOP 2.834646
TRY 52.795135
TTD 8.009952
TWD 37.061709
TZS 3060.299527
UAH 51.917706
UGX 4367.428475
USD 1.177296
UYU 46.913861
UZS 14311.127236
VES 564.698282
VND 31004.088534
VUV 139.188822
WST 3.1983
XAF 655.871172
XAG 0.014532
XAU 0.000243
XCD 3.181702
XCG 2.125422
XDR 0.815693
XOF 655.871172
XPF 119.331742
YER 280.907036
ZAR 19.209
ZMK 10597.080419
ZMW 22.436064
ZWL 379.088812
  • BCC

    4.2400

    83.04

    +5.11%

  • NGG

    -0.6000

    86.92

    -0.69%

  • BCE

    -0.0700

    24.09

    -0.29%

  • RYCEF

    0.5600

    17.66

    +3.17%

  • RIO

    0.4400

    100.15

    +0.44%

  • RELX

    0.4700

    36.68

    +1.28%

  • JRI

    0.1800

    13.09

    +1.38%

  • RBGPF

    -13.5000

    69

    -19.57%

  • VOD

    -0.2200

    15.48

    -1.42%

  • GSK

    1.2200

    58.35

    +2.09%

  • AZN

    4.3300

    204.8

    +2.11%

  • CMSD

    0.1800

    23.08

    +0.78%

  • BP

    -3.0400

    44.59

    -6.82%

  • CMSC

    0.1500

    22.77

    +0.66%

  • BTI

    0.5400

    56.68

    +0.95%

Brazil's Lula calls Trump's tariff threat 'unacceptable blackmail'
Brazil's Lula calls Trump's tariff threat 'unacceptable blackmail' / Photo: Kazuhiro NOGI, Jim WATSON - AFP/File

Brazil's Lula calls Trump's tariff threat 'unacceptable blackmail'

Brazilian President Luiz Inacio Lula da Silva on Thursday slammed Donald Trump's threat to impose 50 percent tariffs on Latin America's largest economy as "unacceptable blackmail."

Text size:

Lula's comments during a nationally televised speech were the latest in series of tense exchanges between the leaders, with the US president launching especially blistering attacks on the government in Brasilia.

Trump announced on July 9 his intention to slap steep tariffs on Brazil as punishment for what he termed a "witch hunt" against his far-right ally, former president Jair Bolsonaro.

The United States has also said it is investigating Brazil's "unfair trading practices," and Brasilia said it was committed to negotiations.

The tariffs on all products from Brazil would kick in on August 1 if Brasilia and Washington do not reach an agreement.

In his speech, leftist leader Lula slammed Brazilian politicians who back Trump's policies as "traitors to the homeland."

He said he would continue "betting on good commercial and diplomatic relations" but warned: "Brazil has only one owner: the Brazilian people."

Bolsonaro is facing trial over accusations he plotted a coup after his narrow 2022 election loss to Lula. If found guilty, he could face up to 40 years in prison.

Earlier on Thursday, Trump posted a letter addressed to Bolsonaro on his Truth Social platform in which he insisted Lula's government "changes course" and "stop attacking" his political ally.

"I have seen the terrible treatment you are receiving at the hands of an unjust system turned against you," Trump wrote to Bolsonaro.

"I have strongly voiced my disapproval both publicly and through our Tariff policy," he added.

Trump also said he was "concerned about the attacks on free speech" in Brazil and in the United States.

He appeared to be alluding to the suspension in Brazil of Rumble, a video-sharing platform popular among conservative groups, over its refusal to block a user accused of spreading disinformation.

- 'Interference' -

Trump's intervention in the Bolsonaro case has improved Lula's popularity, who has appealed for national unity in the face of US "interference."

Unlike the tariffs Trump is slapping on economies around the world, including top US allies, the measures against Brazil were announced in openly political terms.

Brazil had not been among dozens of trade partners previously threatened with duties above a 10 percent baseline.

The United States runs a goods trade surplus with Brazil, which said it had repeatedly requested that Washington point out areas of particular concern.

Brazil expressed "indignation" at the stiff proposed tariff in a letter addressed to US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.

S.Suzuki--JT