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

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.”

Why it matters

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.