On February 10, Donald Trump signed two executive orders to impose 25% tariff levies on aluminum and steel imports, without exceptions. Brazil is one of the most affected countries.
The president of Brazil, Luiz Inacio Lula da Silvasaid Thursday that The tariffs of the president of the United States, Donald Trump, should cause greater inflation and criticized the commercial policies of the Republican, which he considered incorrect.
In a radio interview, Lula reiterated that there would be reciprocity if Trump applies tariffs to the largest economy in Latin America. “That could upload inflation worldwide”Said the leftist leader.
It should be noted that, on February 10 Trump signed two executive orders to impose 25% tariff leaflets on aluminum and steel imports, without exceptions. Brazil is one of the most affected countries being one of the three largest US steel suppliers.
“If Brazilian steel taxes, we will react commercially or denounce before the World Trade Organization or we will tax the products that we import from them, “said the president Luiz Inacio Lula da Silva In an interview with the Radio Local Clube de Paraá.
Brazil imports a lot of manufactured goods produced in the United States from steelsuch as industrial machinery, car engines and parts for the aeronautical industry.
Donald Trump also recognizes that inflation returned
President Donald Trump, in an interview with Sean Hannity, of Fox News, issued Tuesday night, acknowledged that Inflation is increasing again, breaking its electoral promise to lower prices immediately after assuming the position. But he said that the fault is the runaway spending of the Biden government.
“Inflation returned”Trump said. “I have nothing to do with it. These people have directed the country. They have spent money as nobody has ever spent it. ”
It should be noted that Consumer prices rose much more than expected last monthas reported by the Office of Labor Statistics (BLS) last week, promoted in particular by the increase in fuel prices and eggs. January marked the greatest monthly increase since August 2023. And prices rose 3% compared to the previous year for the first time since June 2024.
Source: Ambito
