Brazil in the crosshairs of Trump's tariffs: Weg seeks to redirect exports, Lula vows to defend national interests
Brazilian companies, including motor manufacturer Weg, are exploring strategies to circumvent the 50% tariffs announced by US President Donald Trump on Brazilian products, slated to take effect on August 1st. Weg is considering relocating export routes to mitigate the financial impact. Meanwhile, Brazilian President Lula da Silva has vowed to protect Brazil's interests, stating that "no one puts their hands on Brazil." He also proposed strengthening bilateral trade with Mexico in response to the trade uncertainties, without directly mentioning Trump's measures. Lula further criticized former President Bolsonaro and his son regarding the sanctions, implying Bolsonaro would face consequences for his actions.