Lula urges Trump to resume US tariff negotiations in phone call

1 week ago 7



Brazilian President Luiz Inácio Lula da Silva picked up the phone and did something that’s become increasingly rare in the current trade environment: he asked for a deal. In a 40-minute call with US President Donald Trump, Lula pressed for faster negotiations on tariffs still hitting Brazilian exports, while thanking Trump for recently lifting a punishing 40% surcharge on several agricultural products. The tariff timeline The call, which took place on December 2, 2025, came roughly two weeks after Trump ordered the removal of 40% supplemental tariffs on key Brazilian agricultural exports. That November 20 decision dropped the rate to 10%, still elevated but far less painful than the alternative. To understand why Lula was in a thanking mood, rewind to July 2025. That’s when Trump fired off a letter threatening to slap tariffs as high as 50% on Brazilian imports. The trigger wasn’t soybeans or steel. It was the prosecution of former Brazilian President Jair Bolsonaro, a close Trump ally, and sanctions placed on Brazilian officials connected to those judicial proceedings. By late 2025, cooler heads partially prevailed. Some tariffs were rolled back, but a baseline 10% rate remained i...

Read Entire Article