Brazil's Lula: Trump's tariff 'political,' 'illogical'
Brazilian President Luiz Inácio Lula da Silva called President Trump’s 50 percent tariff against the country “political” and “illogical” in a New York Times opinion column published Sunday.
“The tariff increase imposed on Brazil this summer is not only misguided but illogical,” he said. “The lack of economic rationale behind these measures makes it clear that the motivation of the White House is political.”
Lula noted that most U.S. imports are not subject to tariffs in Brazil, while the U.S. has accumulated a surplus of $410 billion in trade and services with Brazil over the past 15 years.
He © The Hill
