At a recent plant inauguration in Rio de Janeiro’s southeast, Brazilian President Luiz Inacio Lula da Silva delivered a clear message to Washington: the proposed 50% tariffs on Brazilian exports, set to take effect August 1, are “abrupt and unilateral.” He urged the United States to choose “the path of dialogue,” noting that civilized nations settle differences through conversation, not coercion.
Highlighting that only 30% of Brazil’s mineral potential has been explored, Lula announced a new commission to map the country’s untapped resources. “These assets belong to the Brazilian people,” he explained. Under his plan, companies can survey the land, but any sale or transfer of mineral rights will require government authorization.
For business and tech enthusiasts, this approach balances opportunity with oversight. Brazil’s critical minerals—vital for electric vehicles, renewable energy, and high-tech applications—could open doors to startups and investors, all within a framework that safeguards national interests.
As global supply chains evolve, the commission’s findings could reshape markets and spark new ventures. With the August tariff deadline looming, Lula’s call for constructive talks sets the stage for a pivotal moment in Brazil–US trade relations: escalate tensions or forge a collaborative path forward.
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Lula pushes back against U.S. tariffs, rejects pressure on minerals
cgtn.com
