Trade Tariffs
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Lula and Trump plan meeting at Asean summit
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Presidents Luiz Inácio Lula da Silva and Donald Trump are set to meet on Sunday in Kuala Lumpur, Malaysia, at the Asean summit, to discuss US-imposed tariffs on Brazil. The meeting's organization involved Brazilian businessmen and diplomats, amid fears of American unpredictability. Lula expresses optimism for a solution without prior demands.
The european steel industry is suffering, putting thousands of jobs at risk. The Eu commission plans to raise tariffs on steel imports to protect the sector. This offers relief to the industry but may make car manufacturing more expensive.