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💣 Next day moves
Lula says he will hold off on any Trump retaliation, for now. Inflation remained above target in June, the sixth month in a row. Brazil’s new energy plan shows the risk of the system not being able to supply electricity during peak times.
Gustavo Ribeiro
July 11, 2025
TRUMP
Lula vows to seek deal with Trump, but sharpens tone
Lula: "Trump would have faced prosecution had the Jan. 6, 2021 attack on the US Capitol occurred in Brazil." Photo: Ricardo Stuckert/PR
The day after US President Donald Trump threatened to slap an additional 50% tariff on all Brazilian exports, President Luiz Inácio Lula da Silva said the government will not take any retaliatory measures until the levies are actually enforced — which Trump promised will happen on Aug. 1.
Still, in two televised interviews, Lula struck a defiant tone, framing Trump’s decision as a brazen assault on Brazil’s sovereignty. “There are things a government cannot accept, such as the interference of one country in the judiciary of another,” he told leading evening newscast Jornal Nacional…
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