Lula: I am very happy today because President Trump has started to reduce taxation.

By Pepita Ortega, Francisco Carlos de Assis, and Gabriela Jucá Brasília, 11/20/2025 - President Luiz Inácio Lula da Silva stated this Thursday, the 20th, that he is "happy" because the President of the United States, Donald Trump, "has started to reduce" the surcharges imposed on Brazilian products. The statement was made right after Trump signed an executive order that removes the additional 40% tariff imposed on various Brazilian products - including coffee, beef, fruits, and lumber - amid advances in negotiations between the two countries. "Today I am happy, because President Trump has already started to reduce some of the taxes that had been imposed on some Brazilian products. And these things will happen as we manage to gain the respect of people," he stated, during the opening of the São Paulo Auto Show. Also attending the event were Vice President Geraldo Alckmin and Finance Minister Fernando Haddad, who were praised by Lula. The head of the Executive said he was lucky to ...