
Trump claims Brazil's Bolsonaro the victim of a 'witch hunt'
His comments drew a quick and sharp rebuke. Brazil's leftist President Luiz Inacio Lula da Silva set diplomatic niceties aside and hit back at Trump's "interference," adding that "no one is above the law."
Bolsonaro is facing trial, accused of leading a "criminal organization" that plotted a coup to keep him in power after his 2022 election. He faces up to 40 years in prison if found guilty. According to prosecutors, the alleged coup plot failed due to a lack of support from the military high command.
The case carries echoes of Trump's prosecution over the January 6, 2021, attacks, when his supporters overran the US Congress to try to reverse his election loss. Trump pleaded not guilty, and the case was abandoned when he was reelected president – giving him immunity from prosecution.
Bolsonaro has similarly protested his innocence, while trying to rally supporters with a series of protests that have further polarized Brazilian politics. The cases have drawn the Trump and Bolsonaro families together, with the Brazilian ex-leader's sons lobbying hard to have a Supreme Court judge hit with US sanctions and for Trump to weigh in. That effort now appears to have succeeded, with unclear repercussions for relations between the largest economies in North and South America.
Bolsonaro's son Eduardo praised Trump's post and said it "would not be the only news coming from the United States in the near future."
Trump addressed the case at length in a social media post and suggested Bolsonaro was the favorite in next year's election – despite being banned from running because he spread misinformation about the voting system. "I have watched, as has the World, as they have done nothing but come after him, day after day, night after night, month after month, year after year!" Trump said in the Truth Social post.
"It happened to me, times 10," Trump said. "I have gotten to know Jair Bolsonaro, and he was a strong Leader, who truly loved his Country - Also, a very tough negotiator on TRADE," Trump said. Like Trump, Bolsonaro claims to be the victim of political persecution.
Trump's comments came as Lula hosted representatives from China, Russia, Iran and other nations for a BRICS summit in Rio de Janeiro. Leaders attending the summit criticized Trump's tariffs and his bombing of Iran, drawing the US president's ire and a threat of 10% additional tariffs on each BRICS-aligned country.
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France 24
43 minutes ago
- France 24
Tokyo's Nikkei leads Asian rally after Japan-US trade deal
Investors were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries will achieve deals to avoid the worst of the US president's levies. Despite a lack of deals being made leading up to Trump's self-imposed August 1 cut-off date, equity markets have been on the march in recent weeks on optimism that governments will eventually get over the line. Japan had been one of those yet to sign, despite a string of trips to Washington by trade envoy Ryosei Akazawa, dampening investor sentiment in Tokyo. But Trump said Tuesday that officials had agreed to a "massive" deal that would include a 15 percent tariff on imports from Japan, down from the previously threatened 25 percent. The pact also saw the 25 percent levy on autos -- a major export to the United States -- slashed to 15 percent. "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump announced on his Truth Social platform. "Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits." He did not provide further details on the investment plan, but claimed the deal "will create Hundreds of Thousands of Jobs." Japanese Prime Minister Shigeru Ishiba said that he needed to examine the deal before commenting. Akazawa wrote on X: "Mission accomplished." Traders poured back into the market, pushing the Nikkei up more than two percent thanks to soaring automakers. Tokyo and Mitsubishi rocketed around 12 percent and Nissan jumped more than nine percent. The yen strengthened to 146.20 per dollar -- compared with close to 148 Tuesday. The unit had already enjoyed a recent tick-up after Ishiba vowed to remain in office despite a devastating weekend election loss. Trump also hailed an agreement with Manila that will see the toll on Philippine goods lowered by one percentage point to 19 percent, while tariffs on Indonesia were slashed from 32 percent to 19 percent. Shares in Manila and Jakarta rose. The announcements boosted hopes that other deals could be in the pipeline before next Friday's deadline, though talks with the European Union and South Korea remain elusive for now. Still, US Treasury Secretary Scott Bessent said he would meet his Chinese counterparts in Stockholm next week for talks, as a separate mid-August deadline approaches for US levies on Beijing to snap back to steeper levels. Elsewhere in Asia, Hong Kong built on its 2025 surge to hit its highest level since late 2021, while Shanghai, Sydney, Singapore and Taipei were also well up. Seoul was flat and Wellington dipped. The advances came after a broadly positive day on Wall Street where the S&P 500 hit another peak but the Nasdaq snapped a six-day streak of records. Eyes are also on the release of earnings from Google parent Alphabet and other tech giants including Tesla and Intel. Key figures at around 0200 GMT Tokyo - Nikkei 225: UP 2.7 percent at 40,868.01 Hong Kong - Hang Seng Index: UP 0.6 percent at 25,287.68 Shanghai - Composite: UP 0.5 percent at 3,599.20 Dollar/yen: DOWN at 146.50 yen from 146.66 yen Tuesday Euro/dollar: DOWN at $1.1740 from $1.1755 Pound/dollar: DOWN at $1.3525 from $1.3532 Euro/pound: DOWN at 86.80 pence from 86.84 pence Brent North Sea Crude: UP 0.3 percent at $68.79 per barrel © 2025 AFP

LeMonde
an hour ago
- LeMonde
Trump announces 'massive' Japan trade deal including 15% tariff
President Donald Trump said Tuesday, July 22, that the United States had agreed to a "massive" trade deal with Japan that would include a 15% tariff on its exports. The two countries have been locked in negotiations for months since Trump launched his global trade offensive, with levies targeting steel and automobiles – both important Japanese exports – seen as particular sticking points. Trump had previously threatened Japan, a major US trading partner, with a tariff of 25% beginning August 1 if a deal was not reached. "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump announced on his Truth Social platform. He said that under the deal, "Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits." He did not provide further details on the unusual investment plan, but claimed the deal "will create Hundreds of Thousands of Jobs." Japanese Prime Minister Shigeru Ishiba said that he needed to examine the deal before commenting. "As for what to make of the outcome of the negotiations, I am not able to discuss it until after we carefully examine the details of the negotiations and the agreement," Ishiba told reporters in Tokyo after Trump's announcement in Washington. Rice imports? Japan has agreed to "open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things," Trump said. Rice imports are a sensitive issue in Japan, and Ishiba's government had previously ruled out any concessions on the topic. Japan's Nikkei index bounced over 1% on news of the deal, with Japanese auto stocks rising 6%. The deal comes after Ishiba faced a bruising weekend election that left his coalition without a majority in the upper house. Trump has been under pressure to wrap up trade pacts after promising a flurry of deals ahead of his August 1 tariff deadline. Earlier on Tuesday, he announced a deal had been reached with the Philippines which would see the country face 19% tariffs on its exports. The White House also laid out details of a deal with Indonesia, which would see it ease critical mineral export restrictions and also face a 19% tariff. Similar agreements have been struck with the United Kingdom and Vietnam, while negotiations are ongoing with the top three largest US trading partners, China, Canada and Mexico. After an escalatory tit-for-tat with Beijing, the two major economies agreed to a temporary lowering of tariffs, with another round of negotiations expected next week in Stockholm. Since returning to the White House in January, Trump has imposed a sweeping 10% tariff on allies and competitors alike, alongside steeper levels on steel, aluminum and autos. Legal challenges to Trump's non-sectoral tariffs are ongoing.


France 24
an hour ago
- France 24
Trump announces 'massive' Japan trade deal including 15% tariff
The two countries have been locked in negotiations for months since Trump launched his global trade offensive, with levies targeting steel and automobiles -- both important Japanese exports -- seen as particular sticking points. Trump had previously threatened Japan, a major US trading partner, with a tariff of 25 percent beginning August 1 if a deal was not reached. "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump announced on his Truth Social platform. He said that under the deal, "Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits." He did not provide further details on the unusual investment plan, but claimed the deal "will create Hundreds of Thousands of Jobs." Japanese Prime Minister Shigeru Ishiba said that he needed to examine the deal before commenting. "As for what to make of the outcome of the negotiations, I am not able to discuss it until after we carefully examine the details of the negotiations and the agreement," Ishiba told reporters in Tokyo after Trump's announcement in Washington. Rice imports? Japan has agreed to "open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things," Trump said. Rice imports are a sensitive issue in Japan, and Ishiba's government had previously ruled out any concessions on the topic. Japan's Nikkei index bounced over one percent on news of the deal, with Japanese auto stocks rising six percent. The deal comes after Ishiba faced a bruising weekend election that left his coalition without a majority in the upper house. Trump has been under pressure to wrap up trade pacts after promising a flurry of deals ahead of his August 1 tariff deadline. Earlier on Tuesday, he announced a deal had been reached with the Philippines which would see the country face 19 percent tariffs on its exports. The White House also laid out details of a deal with Indonesia, which would see it ease critical mineral export restrictions and also face a 19 percent tariff. Similar agreements have been struck with the United Kingdom and Vietnam, while negotiations are ongoing with the top three largest US trading partners, China, Canada and Mexico. After an escalatory tit-for-tat with Beijing, the two major economies agreed to a temporary lowering of tariffs, with another round of negotiations expected next week in Stockholm. Since returning to the White House in January, Trump has imposed a sweeping 10 percent tariff on allies and competitors alike, alongside steeper levels on steel, aluminum and autos.