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

155d ago
Business
CNBC
Business meeting
Brazilian President Luiz Inácio Lula da Silva has vowed to respond with 'reciprocity' to the United States' planned 50% tariff on imports from Brazil, as announced by former President Donald Trump. The specific measures Brazil will take remain unclear, but da Silva's statement indicates a retaliatory approach. The tariff announcement, if implemented, threatens to escalate trade tensions between the two countries, potentially impacting a range of industries and consumer prices.
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