The President of Brazil, Luiz Inácio Lula da Silva, stated that tariffs imposed by the United States on Brazilian products turned out to be "irrelevant" for the country's economy. He also affirmed that the year concludes with a positive balance, both domestically and in international trade relations, according to the Argentine News Agency. "The year ends well. Food prices are falling, people are regaining access to things that had become more expensive. Even the tariff that the United States imposed on Brazil ended up being irrelevant," the head of state expressed during an event held at the Palácio do Planalto, in Brasília. Although Lula did not detail which sectors were affected by the tariff increase ordered by Washington, he emphasized that the Brazilian economy showed adaptability and strength in an international context marked by trade and geopolitical tensions. Domestically, the head of state focused on the recovery of the population's purchasing power, particularly due to the drop in food prices, a key factor for low-income households. According to him, this trend helps to close the year with a more favorable social and economic perception.
Lula Calls US Tariffs on Brazil 'Irrelevant'
Brazilian President Luiz Inácio Lula da Silva said US tariffs on Brazilian goods were "irrelevant" to the national economy, citing a positive end to the year domestically and internationally.