Brazil will respond to Trump's 50% tariff with 'reciprocity,' says da Silva
155d ago
Business
CNBC

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.