Lula pushes back on US tariffs, says Brazil is the one running a trade deficit
Brazilian President Luiz Inácio Lula da Silva has rejected U.S. claims of unreasonable trade practices, asserting that Brazil is the one facing a trade deficit. He emphasized that the U.S. has maintained a significant trade surplus with Brazil over the past 15 years. The ongoing tariff dispute remains unresolved as both nations seek to negotiate a trade understanding.
- ▪Lula stated that the U.S. surplus with Brazil over the last 15 years was estimated at 415 billion dollars.
- ▪The U.S. Trade Representative recently announced 25% tariffs on Brazilian products amid a Section 301 investigation.
- ▪Lula criticized former President Jair Bolsonaro's family for their stance on the tariffs, referencing a post thanking Trump for the measures.
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Lula pushes back on US tariffs, says Brazil is the one running a trade deficit Thursday, June 4th 2026 - 10:55 UTC Full article 0 comments (adsbygoogle = window.adsbygoogle || []).push({}); “The US surplus over the past 15 years was 415 billion dollars. So we were the ones who should have raised taxes, not them,” Lula said Brazilian President Luiz Inácio Lula da Silva on Tuesday rejected the US government's argument that Brazil engages in “unreasonable” practices in the bilateral relationship, arguing that it is Washington that runs a trade surplus with his country. If anyone should impose tariffs, he said, it would be Brazil.º “The US surplus over the past 15 years was 415 billion dollars.
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