Bigger Returns With Less Capital? The Multiplier Strategy Explained

Instead of paying thousands for an ounce of gold, why not multiply your returns by investing in the companies that mine it? As gold prices climb, their profit margins can skyrocket - and so can their stock price. The gold multiplier effect means bigger profits with lower investment.

Lula asks Trump to lift 40% tariff on Brazilian imports

FATIMA HUSSEIN
October 06, 2025

BRASILIA, Brazil (AP) -- Brazilian President Luiz Inácio Lula da Silva asked U.S. President Donald Trump during a phone conversation Monday to lift the 40% tariff imposed by the U.S. government on Brazilian imports.

The leaders spoke for 30 minutes, exchanged phone numbers, and Lula reiterated his invitation for Trump to attend the upcoming climate summit in Belem, according to a statement from Lula's office.

The Trump administration had imposed a 40% tariff on Brazilian products in July on top of a 10% tariff imposed earlier. Lula reminded Trump that Brazil was one of three G20 countries with which the U.S. maintains a trade surplus.

The Trump administration justified the tariffs saying that Brazil's policies and criminal prosecution of former President Jair Bolsonaro constitute an economic emergency. Earlier this month Bolsonaro was convicted of attempting a coup after losing his bid for reelection in 2022 and a panel of the Supreme Court sentenced him to 27 years and three months in prison.

The White House did not immediately respond to a request for comment.

Lula also offered to travel to Washington to meet with Trump, to continue the conversation they started when they met at the United Nations General Assembly earlier this month.

____

Follow AP's coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america

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