From the minute Donald Trump slapped tariffs on Brazil, President Luiz Inacio Lula da Silva bet the US leader was going all-in on a weak hand. The wager paid off Thursday, when Trump limped away from the battle. In an executive order, Trump exempted dozens of Brazilian food products, including coffee and beef, from the 40% increased tariffs he imposed in an ill-fated attempt to help former President Jair Bolsonaro dodge a coup attempt trial.
  • Conselheiro@lemmygrad.ml
    2·
    2 hours ago

    Another Lula bad move portrayed as a victory. The price of groceries were going down in Brazil specifically because of the tariffs.

    Now he has secured an end to those tariffs which mostly affected only the comprador agribusiness sector, while selling off more of the country, from water companies, to oil in the Amazon, and now the rare earths deals.

    The US isn’t even Brazil’s main trading partner. This is only a win for the Brazilian agribusiness (fuck them) and the US citizenry. Brazil itself should self-impose tariffs for exportation until every citizen can afford groceries in one of the most fertile countries in the world.