MAGA global shakedown: Facing tariffs, sanctions, Lula now stands 'good chance of getting reelected'
Brazil is gearing up to challenge new U.S. tariffs after President Trump slapped a 40% hike on Brazilian imports, accusing the U.S. of targeting ex-president Jair Bolsonaro, who's currently facing trial for alleged coup plotting. This raises total trade duties to 50%, and if negotiations fall through, Brazil plans to appeal. Meanwhile, experts suggest the political fallout could boost former president Lula's chances of reelection.
WPN Brief
Brazil is gearing up to challenge new U.S. tariffs after President Trump slapped a 40% hike on Brazilian imports, accusing the U.S. of targeting ex-president Jair Bolsonaro, who's currently facing trial for alleged coup plotting. This raises total trade duties to 50%, and if negotiations fall through, Brazil plans to appeal. Meanwhile, experts suggest the political fallout could boost former president Lula's chances of reelection.
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