SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Friday that foreign companies that want to do business in Brazil are welcome, speaking at the opening ceremony for a factory for Chinese automaker GWM in the state of Sao Paulo.

Brazil transitioned from a decade of stagnation to a phase of macroeconomic stabilisation, supported by fiscal reform, credible monetary policy and improving credit conditions.

Brazil. Carnival, beaches, samba. Yes—but also coding, design, fashion, game development, audiovisual content, and digital media hubs tucked behind art murals and sun-streaked studio windows. Something’s happening.

With President Trump on their side, U.S. technology companies now have more leverage in Brazil, where they seek to influence new rules policing their platforms.

Brazil’s economy faces US tariffs, high interest rates, and a labor shift toward digital cooperatives while Lula expands trade ties beyond the US to BRICS and China.

Recent U.S. pressure on Brazil is a reminder that countries should reserve their legal right to retaliate to avoid being complicit in undermining the rule-based trading system.

Brazil’s former president Jair Bolsonaro briefly left house arrest on Saturday to undergo medical tests in Brasilia, weeks before the Supreme Court rules on whether he plotted a coup to stay in power after his 2022 election defeat.

By Lisandra Paraguassu and Lucinda Elliott BRASILIA/MONTEVIDEO (Reuters) -Brazil is engaged in a "constructive dialogue" with Canada to resume negotiations for a free trade agreement between South America's Mercosur bloc and Ottawa,