Finance Minister says Lula asked for “prudence” and that diplomacy with the US is open
The Minister of Finance, said on Thursday (10.ab.2025) that the president of the United States, Donald Trump (Republican Party), “Changes every 24 hours”. According to him, there is “A lot of insecurity” And it is impossible to make a “CREATING EVALUATION” of the world economic scenario.
“Because things change every 24 hours on the international level, there is no clear guideline and people are very insecure about what is happening to the United States government.”Haddad declared to journalists in Brasilia.
The minister said the president (PT) recommended “Much prudence” to deal with the international economic panorama.
Brazil was one of Donald Trump’s target countries on April 2. The Republican on Wednesday (9.abr) reciprocal tariffs for 90 days and from 104% to 125%. US Treasury Secretary Scott Bessent confirmed that Brazil will continue (Understand below).
“Anything I said here can be denied tomorrow, depending on the developments of what will happen. So what the president is recommending is a lot of prudence.”said Haddad.
The government has defended caution about US measures since US elections in November last year.
Tariff’s tariff war
The Republican relieved the cargo to some nations, such as Japan and the countries of the European Union. However, those who already had the taxation at 10% will have no change.
The lower rates to Brazilian products were initially a possible competitive advantage, according to economists. The maintenance of the rate during the break removes this eventual benefit.
Only 1 country did not have the fare paused: China. The Republican increased from 104% to 125%, under the justification that the Asian nation retaliated without dialogue with the US government.
