Lula, Trump hold 'positive' video call, says Brazil's Finance Minister

A meeting between the two leaders has been closely watched by Brazilian markets after Trump imposed a 50% tariff on several Brazilian goods

Brazil's President Luiz Inacio Lula da Silva addresses the 80th United Nations General Assembly at UN headquarters in New York City, US, Sept 23, 2025. REUTERS/Mike Segar

Brazilian President Luiz Inacio Lula da Silva and United States President Donald Trump held a "positive" videoconference callon Monday, Brazil's Finance Minister Fernando Haddad said.

"President Lula has already recommended the release of a statement," Haddad told reporters in Brasilia after the meeting.

Last month, following a brief encounter at the UN General Assembly in New York, Trump said he planned to meet with Lula and highlighted their "excellent chemistry".

A meeting between the two leaders has been closely watched by Brazilian markets after Trump imposed a 50 percent tariff on several Brazilian goods in August.

At the time, Trump said the tariffs were a response to what he described as a "witch hunt" against former Brazilian President Jair Bolsonaro, his ally, who was later sentenced to 27 years in prisonfor attempting to stage a coup to remain in power after he lost the 2022 elections to Lula.