Brazil President Luiz Inacio Lula da Silva’s defiant response to Donald Trump’s 50% tariff threat was validated Wednesday — at least in the short term — with markets and businesses breathing a collective sigh of relief at the long list of exemptions to the levies.

Contrast this with the EU folding unconditionally.

https://ca.finance.yahoo.com/news/lula-defiance-pays-off-trump-113119274.html

#usa #brazil #eu #tradewar