Brazilian President Lula condemns US 25% tariff plan

Brazilian President Luiz Inácio Lula da Silva has sharply criticized a new U.S. proposal to impose 25 percent tariffs on a range of Brazilian imports, calling the move a surprise that undermines ongoing trade negotiations. The announcement by the U.S. Trade Representative, which followed an investigation alleging unreasonable trade practices by Brazil, has reignited tensions between the two largest economies in the Americas.

President Lula stated that he learned of the proposed tariffs while discussions with Washington were still active. He said that during a meeting with U.S. President Donald Trump at the White House in early May, the two leaders agreed to a 30-day period to resolve trade issues. Lula said he presented documents during that meeting which he argued demonstrate a trade relationship favorable to the United States. U.S. government data indicates the United States holds a trade surplus in goods with Brazil.

The U.S. investigation concluded that Brazilian practices burden or restrict U.S. commerce, citing concerns including the country's PIX electronic payment system, illegal deforestation, intellectual property protection, and anti-corruption enforcement. The...