Trump says Brazil election looked 'rigged' as Bolsonaro refuses to recognize Lula win

Trump did not endorse Bolsonaro ahead of the vote, although Reuters has reported that ​officials from his State Department led a campaign to return the Bolsonaros to power. "I didn't take sides, but it looked like another ​rigged election," Trump, without providing any evidence.

"It looked very bad to me. "Bolsonaro lost to Lula by over ⁠four million votes, a clear result that it will be challenging for him to overturn. Fewer than 35,000 votes, or some 0.03% of ​the total, were cast in the extra two hours of voting ordered by the Supreme Court, records by ​Insper professor Pedro Burgos.

"I just think it had a very bad look, the election, the way it was tabulated," Trump said. "The extension given was very strange. "Vice President Geraldo Alckmin later defended Brazil's electoral system, saying in a TV interview with Rede Vanguarda that Trump's remarks were "totally wrong" and "unfounded.

"Neither Trump nor Jair Bolsonaro accepted their election losses ​in 2020 and 2022, respectively. Brazil's former president was handed a 27-year sentence for plotting a coup after losing to Lula. Analysts do not expect ​Flavio Bolsonaro to be able to build the same anti-democratic movement as his father in 2022.

He said on Monday he would comply with a federal police ‌order to ⁠hand over his passports following a visit to his father, who is under house arrest. He denied he was planning to flee Brazil.

ARKETS ROILED BY LULA WINWorld leaders have already widely congratulated Lula on his unprecedented fourth mandate, which was greeted with dismay by investors who had been betting on a Bolsonaro win. Brazil's real fell 8.1% against the dollar in its biggest one-day drop since 2002, while the stock exchange marked its steepest one-day ​fall since 2020.

"The initial selloff could ​moderate as election-related positions are ⁠unwound, but investors will demand convincing fiscal commitments before rebuilding exposure," said Pantheon Macroeconomics' chief Latin America economist Andres Abadia. LULA DEFIES EXPECTATIONSLula's victory defied polls, precedent and global anti-incumbent sentiment to put the brakes on a ​wave of right-wing election victories across Latin America.

He trailed Bolsonaro in the first round, but managed ​to convince voters to ⁠come out for him in the runoff. Pollsters said a higher-than-expected turnout and improved social media campaign helped power Lula to victory.

During the campaign, Lula pointed to his track record of cutting poverty and inequality while also highlighting record low unemployment, illiteracy and deforestation, but his fourth term may prove challenging.

He will face ⁠an uphill battle ​for his agenda in a Congress packed with Bolsonaro allies after a surge of conservative ​voters in the first round of the general election pushed the Brazilian legislature further to the right.