Global Edition
REF: 53
Market

Lula of Brazil signals support for China amidst US trade proposal.

President Luiz Inacio Lula da Silva underscored Brazil's strong relationship with China, following the US's proposal to impose a 25% penalty on numerous Brazilian imports.

Market — lead image
Lead image — News Trend Today wire

President Luiz Inacio Lula da Silva underscored Brazil's strong relationship with China, following the US's proposal to impose a 25% penalty on numerous Brazilian imports.

Brazil's President-elect Lula welcomed China's acknowledgment that his country is free from foot-and-mouth disease, contrasting it with US actions.

RelatedEconomic growth in Northern Ireland outpaces rest of the UK post-Brexit.

Lula's message was clear: if his offers aren't accepted, he'll find other buyers willing to purchase Brazilian goods.

During recent trade negotiations, Lula revealed that U.S. and Brazilian trade teams had convened three times without achieving an agreement on the proposed tariffs.

Read nextBritish inflation rate remains steady at a 13-month low beforehand.

Brazil's President-elect Lula has criticized Senator Flavio Bolsonaro for allegedly pushing the US to impose tariffs through behind-the-scenes lobbying efforts.

President Lula of Brazil has publicly criticized US Secretary of State Marco Rubio, labeling him as unfavourable to Latin American interests and Brazil specifically.

Earlier this week, Bolsonaro reportedly cautioned Trump against imposing tariffs on Brazilian businesses.

A query was submitted to the U.S. embassy in Brazil, but no response was forthcoming.

image

More Filings

Market
Market

Economic growth in Northern Ireland outpaces rest of the UK post-Brexit.

Market
Market

British inflation rate remains steady at a 13-month low beforehand.

Market
Market

Global economic disparities concern the G7 nations deeply.