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Straits Times
5 days ago
- Business
- Straits Times
Brazil to present Lula with credit-based response to US tariff hike, finance minister says
Find out what's new on ST website and app. BRASILIA - Brazilian Finance Minister Fernando Haddad said on Thursday a contingency plan in response to higher U.S. tariffs will be presented to President Luiz Inacio Lula da Silva from Monday and will include a menu of measures, including credit lines. In an interview with local radio station Itatiaia, Haddad said as many as 10,000 Brazilian companies could be affected by the increase in levies on Brazilian goods to 50% from 10%, set to take effect on August 1. The minister stressed that Brazil remains open to dialogue but suggested that U.S. President Donald Trump is unwilling to engage in negotiations. He said political forces aligned with former Brazilian President Jair Bolsonaro are working to prevent talks from being initiated. A far-right ally of Trump, Bolsonaro is accused of plotting a coup to overturn his narrow 2022 election loss to Lula. Trump has denounced the case as a "witch hunt" and urged Brazil's judiciary to drop the charges, including in a letter announcing the steeper tariffs on Brazil. Congressman Eduardo Bolsonaro, the former president's son, is living in the U.S. and has made social media posts about his meetings with Trump allies. Without naming the younger Bolsonaro, Haddad said he believes those ties, along with opposition to Brazil's widely used instant payment system Pix, were factors behind the U.S. decision. Top stories Swipe. Select. Stay informed. Asia 11 Thai civilians killed as Thai and Cambodian militaries clash at disputed border: Reports Asia Singapore urges all parties in Thailand-Cambodia border dispute to exercise restraint Asia Deadly Thai-Cambodian dispute puts Asean's relevance on the line Life Hulk Hogan, who helped turn pro wrestling into a billion-dollar spectacle, dies at 71 Singapore Avoid water activities around Tuas Second Link, Raffles Marina after chemical tank accident: NEA Singapore Khatib Camp to make way for housing, with its functions moving to Amoy Quee Camp Singapore Mindef to set up new volunteer management unit to grow volunteer pool Singapore Primary 1 registration: 29 schools to conduct ballot in Phase 2B Earlier on Thursday, Lula said at a public event that the U.S. government was "afraid" of Pix because it threatens credit cards. The system was listed among unfair trade practices in a recent U.S. investigation. Haddad said Pix undermines those profiting from financial intermediation and represents a valuable homegrown Brazilian technology. REUTERS
Reuters
5 days ago
- Business
- Reuters
Brazil to present Lula with credit-based response to US tariff hike, finance minister says
BRASILIA, July 24 (Reuters) - Brazilian Finance Minister Fernando Haddad said on Thursday a contingency plan in response to higher U.S. tariffs will be presented to President Luiz Inacio Lula da Silva from Monday and will include a menu of measures, including credit lines. In an interview with local radio station Itatiaia, Haddad said as many as 10,000 Brazilian companies could be affected by the increase in levies on Brazilian goods to 50% from 10%, set to take effect on August 1. The minister stressed that Brazil remains open to dialogue but suggested that U.S. President Donald Trump is unwilling to engage in negotiations. He said political forces aligned with former Brazilian President Jair Bolsonaro are working to prevent talks from being initiated. A far-right ally of Trump, Bolsonaro is accused of plotting a coup to overturn his narrow 2022 election loss to Lula. Trump has denounced the case as a "witch hunt" and urged Brazil's judiciary to drop the charges, including in a letter announcing the steeper tariffs on Brazil. Congressman Eduardo Bolsonaro, the former president's son, is living in the U.S. and has made social media posts about his meetings with Trump allies. Without naming the younger Bolsonaro, Haddad said he believes those ties, along with opposition to Brazil's widely used instant payment system Pix, were factors behind the U.S. decision. Earlier on Thursday, Lula said at a public event that the U.S. government was "afraid" of Pix because it threatens credit cards. The system was listed among unfair trade practices in a recent U.S. investigation. Haddad said Pix undermines those profiting from financial intermediation and represents a valuable homegrown Brazilian technology.
Yahoo
09-03-2025
- Sport
- Yahoo
Good sign? Gabigol leads stats in Cruzeiro tests 🔍
This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here. Cruzeiro has been taking advantage of their free time to play friendlies and conduct tests, mainly with an eye on the Brasileirão. In this scenario, Gabigol has been standing out. He scored two hat-tricks in the wins over the Sub-20 team (7-0) and Boston City (12-0). Itatiaia has put together a ranking of Cruzeiro's top scorers. And the 28-year-old striker "dominated" the first position. Check it out: Gabigol - 6 goals Kaio Jorge - 2 goals Dudu - 2 goals Wanderson - 2 goals Bolasie - 2 goals William - 2 goals Lucas Villalba - 1 goal Lucas Silva - 1 goal Matheus Pereira - 1 goal Cruzeiro's next official commitment will be against Mirassol, on the 29th, a Saturday, at 6:30 PM, at Mineirão, for the Brasileirão. To maintain their game rhythm, the club will play three more friendlies until then, against Pouso Alegre, Botafogo, and RB Bragantino. 📸 Pedro Vilela - 2025 Getty Images
