• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 22nd, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Brazil's President Luiz Inacio Lula da Silva poses for a picture after an interview with Reuters at the Alvorada Palace, in Brasilia, Brazil, August 6, 2025. REUTERS/Adriano Machado
Brazil's President Luiz Inacio Lula da Silva poses for a picture after an interview with Reuters at the Alvorada Palace, in Brasilia, Brazil, August 6, 2025. REUTERS/Adriano Machado
Brazil's President Luiz Inacio Lula da Silva speaks during an interview with Reuters at the Alvorada Palace, in Brasilia, Brazil, August 6, 2025. REUTERS/Adriano Machado
Brazil's President Luiz Inacio Lula da Silva speaks during an interview with Reuters at the Alvorada Palace, in Brasilia, Brazil, August 6, 2025. REUTERS/Adriano Machado
Brazil's President Luiz Inacio Lula da Silva speaks during an interview with Reuters at the Alvorada Palace, in Brasilia, Brazil, August 6, 2025. REUTERS/Adriano Machado
Brazil's President Luiz Inacio Lula da Silva speaks during an interview with Reuters at the Alvorada Palace, in Brasilia, Brazil, August 6, 2025. REUTERS/Adriano Machado
Home
World
Americas

Exclusive: 'I won't humiliate myself': Brazil's president sees no point in tariff talks with Trump

August 6th, 2025 | 18:34 PM WORLD Americas 4

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Lula, Trump discuss tariffs in phone call, Brazil says
Mexican governor accused by US of cartel ties returns to office
Bolivia ousts economy minister after lawmaker pressure, in blow to Paz
US, Canadian trade teams meet again as tariffs deadline looms
By Brad Haynes, Lisandra Paraguassu

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."

Brazil is not about to announce reciprocal tariffs, he said. Nor will his government give up on cabinet-level talks. But Lula himself is in no rush to ring the White House.

"The day my intuition says Trump is ready to talk, I won't hesitate to call him," Lula said in an interview from his presidential residence in Brasilia. "But today my intuition says he doesn't want to talk. And I won't humiliate myself."

Despite Brazil's exports facing one of the highest tariffs imposed by Trump, the new U.S. trade barriers look unlikely to derail Latin America's largest economy, giving Lula more room to stand his ground against Trump than most Western leaders.

Lula described U.S.-Brazil relations at a 200-year nadir after Trump tied the new tariff to his demands for an end to the prosecution of right-wing former President Jair Bolsonaro, who is standing trial for plotting to overturn the 2022 election.

The president said Brazil's Supreme Court, which is hearing the case against Bolsonaro, "does not care what Trump says and it should not," adding that Bolsonaro should face another trial for provoking Trump's intervention, calling the right-wing former president a "traitor to the homeland."

"We had already pardoned the U.S. intervention in the 1964 coup," said Lula, who got his political start as a union leader protesting against the military government that followed a U.S.-backed ouster of a democratically elected president.

"But this now is not a small intervention. It's the president of the United States thinking he can dictate rules for a sovereign country like Brazil. It's unacceptable."

The Brazilian president said he had no personal issues with Trump, adding that they could meet at the United Nations next month or U.N. climate talks in November. But he noted Trump's track record of dressing down White House guests such as South African President Cyril Ramaphosa and Ukrainian President Volodymyr Zelenskiy.

"What Trump did with Zelenskiy was humiliation. That's not normal. What Trump did with Ramaphosa was humiliation," Lula said. "One president can't be humiliating another. I respect everyone and I demand respect."

Lula said his ministers were struggling to open talks with U.S. peers, so his government was focused on domestic policies to cushion the economic blow of U.S. tariffs, while maintaining "fiscal responsibility."

The president declined to elaborate on pending measures to support Brazilian companies, which are expected to include credit lines and other export assistance.

He also said he was planning to call leaders from the BRICS group of developing nations, starting with India and China, to discuss the possibility of a joint response to U.S. tariffs.

"There is no coordination among the BRICS yet, but there will be," Lula said, comparing multilateral action to the strength of collective bargaining in his union days. "What is the negotiating power of one little country with the United States? None."

Separately, he said Brazil was looking at lodging a collective complaint with other countries at the World Trade Organization.

"I was born negotiating," said Lula, who was raised in poverty and rose through union ranks to serve two terms as president from 2003 to 2010, then re-entered politics in the 2022 election to defeat the incumbent Bolsonaro.

But he said he was in no rush to strike a deal or retaliate against U.S. tariffs: "We need to be very cautious," he said.

Asked about countermeasures targeting U.S. companies, such as greater taxation of big technology companies, Lula said his government was studying ways to tax U.S. firms on equal standing with Brazilian companies.

Lula also described plans to create a new national policy for Brazil's strategic mineral resources, treating them as a matter of "national sovereignty" to break with a history of mining exports that added little value in Brazil.

  • Topic
  • USA
  • TRUMP/TARIFF
  • LULA (UPDATE 2, EXCLUSIVE, PIX, TV)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Lula, Trump discuss tariffs in phone call, Brazil says

Related Posts

Americas
August 21st, 2026

Lula, Trump discuss tariffs in phone call, Brazil says

Americas
August 21st, 2026

Mexican governor accused by US of cartel ties returns to office

Americas
August 21st, 2026

Bolivia ousts economy minister after lawmaker pressure, in blow to Paz

Americas
August 21st, 2026

US, Canadian trade teams meet again as tariffs deadline looms

Americas
August 21st, 2026

How Tether's bitcoin mining plans in Uruguay unraveled

Americas
August 20th, 2026

Two Binance employees were detained in UAE in recent weeks, NYT reports

The Wire
Aug 21st 1 day ago
Government

Trump administration moves to end attorney group's law scho...

Aug 21st 1 day ago
Africa

First migrants buried in Spain's Ceuta after deadly border ...

Aug 21st 1 day ago
Americas

Lula, Trump discuss tariffs in phone call, Brazil says

Aug 21st 1 day ago
World

US plans $725 million payment towards its large UN debt

Aug 21st 1 day ago
Middle East

NATO members discuss Strait of Hormuz options without allia...

TRENDING ON FINANCETIME
Aug 21st, 2026 Americas

Mexican governor accused by US of cartel ties returns to office

Aug 21st, 2026 Middle East

Turkey to seek Interpol notice for Netanyahu in Gaza flotilla case

Aug 21st, 2026 Litigation

Explainer: Why is Trump talking about the Keystone XL oil pipeline?

Aug 21st, 2026 Wealth

Guggenheim fund hits 17-year low after short-seller claims

Aug 21st, 2026 Wealth

Ken Griffin's Citadel sheds over $4 billion of Situational Awareness' bets

Markets-Sectors
ENERGY -0.20%
FINANCIALS +0.93%
TECHNOLOGY +0.14%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT