Brazil will respond to Trump's 50% tariff with 'reciprocity,' says da Silva
BRAZIL, JUL 11 – Lula cites Brazil's new reciprocity law and warns of retaliatory tariffs amid escalating trade tensions with the U.S. over Bolsonaro's criminal trial and tariff threats.
- On July 10, President Donald Trump announced 50% tariffs on all Brazilian imports effective August 1, 2025, which he posted on his Truth Social platform.
- In a letter to Lula, President Donald Trump referenced the 'witch hunt' trial of Jair Bolsonaro and linked it to the proposed tariffs.
- Luiz Inácio Lula da Silva warned he is ready to impose retaliatory tariffs, citing the Economic Reciprocity Law.
- Shares of Brazilian exporters fell on July 10, with Embraer, Itau Unibanco and Banco Santander posting losses, highlighting exporter unease.
- Thomas Traumann called this move 'a game changer' for next year's election, and analysts say it could backfire on Bolsonaro and aid Lula.
296 Articles
296 Articles
China backs Brazil against US ‘bullying’ as tariff dispute escalates
In a fresh flare-up of global trade tensions, China has thrown its weight behind Brazil after Washington announced sweeping new tariffs on the South American country’s exports. Beijing accused the United States of using trade measures as a political weapon, warning that such actions violate international law and undermine the global economic order. On August 6, Chinese Foreign Minister Wang Yi issued a strongly worded statement denouncing the Un…
No one is defying Trump like Brazil's President
President Lula of Brazil is in conflict with Donald Trump over proposed tariffs and the prosecution of Jair Bolsonaro. Lula accuses Trump of infringing on Brazil's sovereignty and disrespecting diplomatic norms. He is considering retaliatory tariffs and defends Brazil's independent judiciary, while Trump justifies the tariffs as a response to Bolsonaro's legal troubles and alleged censorship by Brazil's Supreme Court.
Trump slaps 50 percent duty on Brazilian goods in new tariff fight
The United States has shocked traders by imposing a 50% tariff on Brazilian exports, marking a significant escalation in trade tensions between the two nations. President Trump announced the measure through a letter to Brazilian President Luiz Inácio "Lula" da Silva, posted on his social media platform. This move caught financial markets off guard, as analysts had considered Brazil "marked safe" from aggressive tariff measures due to the US merc…
Brazil’s Lula warns retaliation to Trump tariffs but keeps diplomacy open
"We'll first try to negotiate, but if there's no negotiation, the law of reciprocity will be put into practice," Lula said in an interview with Record TV, citing a law Congress recently passed giving the president powers to retaliate against trade barriers.
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