Brazilian Leader Lula Seeks Alternative Markets Against US's New Customs Tariffs
Points clés
- The US started implementing a 25 percent additional customs duty on some Brazilian products this week.
- Brazilian President Lula reported that they will not remain bound by US decisions and will seek alternative markets for exports.
- The Brazilian government condemned the decision, finding it unfair, and pointed out that the US has a surplus in bilateral trade.
- To support the affected economic sectors, the Brazilian government opened new credits.
En chiffres
Brazilian President Luiz Inacio Lula da Silva stated that they will not remain indifferent to the US applying additional customs duties to Brazilian products. Lula emphasized that his country will not wait in the face of these commercial decisions and will seek new markets and alternative buyers for exports.
With the new regulation that came into effect this week, an additional 25 percent customs duty was imposed on some Brazilian products. While the Donald Trump administration attributed this decision to Brazil's unfair trade practices, the Brazilian government condemned the tariff, finding it unfair and unreasonable. Brazilian officials criticized the decision, noting that Washington actually has a surplus in bilateral trade.
Lula stated that they will not cry over unsold products and will change their buyers. Additionally, he announced that new credit packages have been opened to support the sectors of the Brazilian economy negatively affected by the new trade conditions.
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Questions fréquentes
- What is the rate of the new customs duty applied by the US to Brazil?
- The US put into effect a 25 percent additional customs duty on Brazilian products in certain categories this week.
- What did Brazilian President Lula announce they would do against the new tariffs?
- Lula announced that they will provide credit for the affected sectors of the economy by seeking new buyers and alternative markets.
- How did the Brazilian government evaluate the US tariff decision?
- The Brazilian government condemned the decision, finding it unfair and unreasonable, and stated that the US has a surplus in trade between the two countries.
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- Die Zeit·
- Brasil 247·
- Société Radio-Canada - À la une·