Brazil vows retaliatory tariffs against US if Trump follows through on 50% import taxes
RIO DE JANEIRO (AP) — 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 reciprocity law...
Read MoreFri, 11 Jul 2025
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