Brazil will respond to Trump's 50% tariff with 'reciprocity,' says da Silva

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.

Brazil warns it will raise levies on U.S. products if Trump follows through on threat of 50% tariff

Brazilian President Lula da Silva vowed to trigger Brazil's reciprocity law if negotiations with the U.S. fail.

Trump uses tariffs to upend Brazil's domestic politics

President Donald Trump's surprise announcement on Wednesday that the White House planned to levy a 50% tariff on Brazilian imports has sent shockwaves through both countries, leaving consumers and producers scrambling to assess the full impact.But as Trump made clear, the tariffs aren't borne of economic necessity, since the United States currently runs a trade surplus with Brazil. Instead, the proposed fees are a vector for political leverage o…

President of Brazil Gripes: 'Totally Disrespectful' of Trump to Threaten Tariffs Online

President of Brazil Luiz Inácio Lula da Silva said that Brazil will reciprocate the United States’ 50-percent tariff on August 1.

Brazil pledges retaliatory tariffs on the U.S. if Trump imposes 50% import taxes

Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country’s criminal trial against his predecessor, Jair Bolsonaro.Lula said he will trigger Brazil’s reciprocity law approved by Congress earlier this year if negotiations with the U.S. fail.“If there’s no negotiation, the…

Brazil Vows Retaliatory Tariffs If US Sets 50% Rate

Brazilian President Luiz Inácio Lula da Silva said July 10 that he will impose retaliatory tariffs on the U.S. if President Donald Trump follows through on a pledge to boost import taxes by 50%.