Brazilian President Responds Firmly to Trump: Brazil Can Survive Without US Trade
Powered by ChatGPTOn July 11, according to Jinshi Data, Brazilian President Lula said that Brazil can survive without trade with the United States and will look for other partners to replace it. This is a sharp response to US President Trump, who previously threatened to impose a 50% tariff on Brazil.
"We will have to find other partners to buy our products. US-Brazil trade accounts for 1.7% of Brazil's GDP," Lula said. "It's not like we can't survive without the United States."
Lula also said that Brazil has no obligation to continue using the dollar for trade. He reiterated his speech at the BRICS summit in Rio de Janeiro last weekend, where he called on world leaders to find ways to reduce dependence on the dollar in international trade. [Deep Tide TechFlow]