Juan Pablo Spinetto, Columnist

Silence Is Lula's Best Card in Trump's Trade War

Brazil is in a strong position to face the world’s tariff-palooza. Its government should fly low and avoid provoking the White House into rhetorical fights.

April 8, 2025 at 10:00 AM UTC

By Juan Pablo Spinetto

JP Spinetto is a Bloomberg Opinion columnist covering Latin American business, economic affairs and politics. He was previously Bloomberg News’ managing editor for economics and government in the region.

Think twice before you talk about tariffs.
Photographer: Tom Molina/NurPhoto/Getty Images

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Silence and restraint.

That would be my advice for the Brazilian government on how to approach US President Donald Trump’s tariff-palooza.