BRASILIA - As U.S. tariffs on Brazilian goods jumped to 50% on Wednesday, Brazil's President Luiz Inacio Lula da Silva told Reuters in an interview that he saw no room for direct talks now with U.S. President Donald Trump that would likely be a \"humiliation.\" Read more at straitstimes.com. Read more at straitstimes.com.
There is no downside for Lula on this move.
Trump is launching this war to protect Bolsonaro (Lula’s rival who was convicted of trying to overthrow the election).
The Brazilians who support Bolsonaro are the same people who will be hurt by this trade war.