03-June-2026
Corporate News
 
Brazil's Lula Nods to China as Trump Administration Proposes 25% Tariff
03-Jun-2026

Brazilian President Luiz Inacio Lula da Silva on Tuesday highlighted his country's ties with China after the U.S. proposed a new punitive tariff of 25% on many imports from Latin America's largest economy. • Lula hailed China's decision earlier in the day to recognize Brazil as free of foot-and-mouth disease, calling it a counterpoint to the U.S. move. • "If you don't want to buy from me, I will sell to someone else," Lula said during an event in Goias state.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-02/brazils-lula-nods-to-china-as-trump-administration-proposes-25-tariff