Brazilian President Luiz Inácio Lula da Silva is bracing for another two years of struggle with the nation’s Congress, as lawmakers convene on Saturday to potentially elect leaders to both the House and Senate who have promised to continue exerting tight control of an overstretched federal budget.

President Luiz Inacio Lula da Silva said Brazil is prepared to respond if Donald Trump places new tariffs on the country’s products, although he hopes to improve trade relations with the US instead.

The Brazilian leader says he is looking for a relationship based on mutual respect after Trump threatens tariffs.

Brazilian President Lula da Silva faces a challenging political landscape as Congress elects leaders promising tight budget control. With declining approval and fiscal pressures, Lula aims to fulfill electoral promises amidst a strong legislature.

S ince leaving hospital in December, Luiz Inácio Lula da Silva, known as Lula (pictured), has cut a smart figure. Brazil’s president has taken to wearing a Panama hat to hide deep scars from two emergency brain surgeries.

Brazilian President Luiz Inacio Lula da Silva said Thursday that if US counterpart Donald Trump hiked tariffs on Brazilian products, he would reciprocate -- but that he would prefer improved relations over a trade war.

Petrobras (NYSE:PBR) +1.4% in Thursday's trading as Brazilian President Luiz Inacio Lula da Silva voiced support for government non-interference in monetary policy and the state-run oil company's pricing strategy,

Brazil's Foreign Ministry said in a statement it was seeking answers from Washington regarding the "degrading treatment" of nationals.

Brazil's central bank on Wednesday hiked its key interest rate to 13.25 percent in more bad news for leftist President Luiz Inacio Lula da Silva's government, which is struggling to curb high inflation.

This will be the first high-level meeting under the Global Alliance Against Hunger and Poverty, launched at the 2024 G20 Summit, focusing on agricultural productivity.

The workers who traveled from China to northeast Brazil to build a new factory for electric car maker BYD earned roughly $70 per 10-hour shift, over twice the Chinese hourly minimum wage in many regions.