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Brazilian President Luiz Inacio Lula da Silva said his country would respond to a newly announced 50% tariff rate on its exports to the United States with reciprocity. Lula cited a recently adopted Brazilian law that authorizes his government to take proportional countermeasures in response to unilateral economic measures taken by other countries. U.S. President Donald Trump said the U.S. will impose the massive tariff on imports from Brazil sta…

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NBC New York broke the news in New York, United States on Wednesday, July 9, 2025.
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