Trump spoils Lula's celebration of trade surplus with Iran
George Jiglea
x US President Donald Trump announced on Monday that any nation conducting business with Iran will face a 25% tariff on all trade with Washington, thus crushing earlier celebrations by Brazil's Luiz Inácio Lula da Silva, whose government proudly announced a substantial trade surplus with Tehran, totaling US$2.8 billion in 2025, driven by corn and soybeans. Corn accounts for 67.9% of Brazil's exports to Iran (US$2 billion), and soybeans represent 19.3% of shipments, worth US$563.6. In
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