Despite the tariff threat, Brazil’s Finance Ministry projected limited economic impact, maintaining its 2.5% GDP growth forecast for 2025. Officials said only specific sectors, like aerospace and energy machinery—heavily reliant on US buyers—might suffer.

Brazilian President Lula da Silva threatens retaliatory tariffs against the US if President Trump imposes increased import taxes due to Bolsonaro's trial. Lula aims for negotiation but warns of reciprocal measures.

The U.S. dollar slipped further from a two-week high versus major peers on Thursday, as President Donald Trump's latest tariff salvos failed to shake markets, except in Brazil where a threatened 50% levy sent the real sliding as much as 2.

Brazilian President Lula da Silva responds to Trump’s 50% tariff threat by declaring Brazil can survive without US trade

Brazil's economy is holding up well with 2025 GDP forecasted to grow at +2.3%. Brazil’s inflation is currently elevated from its central bank’s target inflation rate, but is expected to decline from 5.6% in 2025 to 4.4% in 2026. Amid global uncertainty ...

Lula’s address came amid growing concern over the fragmentation of global cooperation institutions, intensifying armed conflicts, and deepening economic inequalities.