Brazil's Lula calls Trump's BRICS tariff threat "irresponsible"
ReutersJul 7, 2025 5:47 PM
RIO DE JANEIRO, July 7 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Monday it was "irresponsible" for U.S. President Donald Trump to threaten countries with tariffs while on social media, adding that other nations have the right to reciprocate.
Answering questions from journalists after the BRICS summit of developing nations in Rio de Janeiro, Lula played down Trump's threat on Sunday to slap additional tariffs on the bloc over "anti-American policies."
The Brazilian president added that the BRICS group "does not want to affront anyone."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey
Related Articles
UK: Pound Surges, But Chasing Highs Needs Caution
While the pound has room to rise against the dollar in the near term, the UK’s economic risks and medium-term bearish outlook suggest investors should exercise caution when chasing pound gains.TradingKey
4 hours ago
What Is the “America Party” — and Why Is It Embracing Bitcoin?
Elon Musk’s America Party is a bold response to what he sees as fiscal recklessness and political stagnation. Its embrace of Bitcoin aligns with its libertarian, tech-centric ethos — and could be a major tailwind for crypto adoption. But whether the party can survive, let alone thrive, remains an opTradingKey
4 hours ago
Dollar Tree: Undervalued with High Potential: Why Is Dollar Tree a Long-Term Investment Opportunity in Discount Retail?
TradingKey - Dollar Tree leverages its low-price strategy and strong brand to maintain a competitive edge in the discount retail market.TradingKey
7 hours ago
.jpg)
LVS: A Solid Exposure on Improving Consumer Sentiment in China
Las Vegas Sands is currently traded at the similar price it was traded during COVID. We believe there is plenty of room for growth since Macau visitors from the second-tier cities of China have not returned yet. Also, there are promising expansion projects in both Macau and Singapore.TradingKey
7 hours ago
.jpg)
BEST ETFs to BUY in July 2025
TradingKey - After a sharp V-shaped recovery in April and choppy gains through May, U.S. stocks accelerated their rally in June despite escalating Middle East tensions. The S&P 500 and Nasdaq Composite hit fresh year-to-date highs, underscoring the market’s resilience.TradingKey
Fri, Jul 4
Tradingkey
