Lula says a U.S.-Brazil trade deal is close after ‘very good’ Trump meeting—and insists Bolsonaro is ‘part of the past’

Fortune•Monday, October 27, 2025 at 4:16:10 PM

Lula recently expressed optimism about a potential trade deal between the U.S. and Brazil following a productive meeting with Trump. He highlighted that Trump might consider reducing tariffs that were previously imposed, which could benefit Brazil's economy. Lula also made it clear that Bolsonaro's influence is fading, marking a significant shift in Brazilian politics. This development is important as it could lead to stronger economic ties between the two nations and a more favorable trade environment for Brazil.

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