Trump hiked tariff on Brazil
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President Donald Trump singled out Brazil for import taxes of 50% on Wednesday for its treatment of its former president, Jair Bolsonaro, breaking from his earlier announcements for tariffs targetting seven other countries for economic purposes.
BRASILIA,: Brazilian President Luiz Inacio Lula da Silva said Wednesday (July 9) he will use Brazil's rotating presidency of the Southern Common Market, or Mercosur, to resume negotiations for a free trade agreement with Indonesia,
Trump, who has called Bolsonaro a friend, had hosted him at his Mar-a-Lago resort back in 2020, when both were in office.
President Lula strongly opposed President Trump's tariff imposition. This was in response to Brazil's trial of Jair Bolsonaro. Lula affirmed Brazil's sovereignty and judicial independence. Trump criticized Bolsonaro's prosecution and threatened tariffs.
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