Exclusive: Lula plans new 'national sovereignty' policy for strategic minerals

BRASILIA, Aug 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva told Reuters on Wednesday of his plans for a new national policy treating strategic minerals as a matter of "national sovereignty" in order to avoid exporting minerals without adding value locally.

"We won't allow what happened in the last century to happen again, where Brazil exports raw minerals and then buys products with very high added value," the president, known as Lula, said in the interview. "We want to add value in Brazil."

Lula's comments came as a new 50% tariff hit U.S. imports from Brazil amid a political spat between the two countries linked to an investigation against the South American country's former president, Jair Bolsonaro.

Bolsonaro, under house arrest since late Monday, is standing trial on charges of plotting a coup to overturn his 2022 electoral defeat. Bolsonaro has denied wrongdoing.