📬 Lula’s got mail

TARIFFS

Lula vs Trump: It’s on

It finally happened. After months of fear and anticipation, US President Donald Trump announced additional 50% tariffs on all Brazilian exports to the United States, to be enforced on Aug. 1.

The letter to President Luiz Inácio Lula da Silva of Brazil stood out among the batch Trump sent to multiple trading partners this week. There was no rosy language about the “strength and commitment of our trading relationship.” Instead, Trump justified his move by accusing Brazil of staging a “witch hunt” against Jair Bolsonaro — his right-wing ally, who is about to face trial for allegedly attempting a coup in 2022.

“This trial should not be taking place,” Trump said. “Due in part to Brazil’s insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans … we will charge Brazil a Tariff of 50% on any and all Brazilian products,” he added…

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