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

Tag-uri: Donald Trump