Brazilian President Luiz Inácio Lula da Silva has stated that he would implement retaliatory tariffs in response to any potential 50% increase in import duties by the US. This action would be brought about due to Brazil’s prosecution of former leader Jair Bolsonaro. In the event that negotiations do not yield a favorable outcome for Brazil, Lula will invoke Brazil’s reciprocity law, which received approval from Congress earlier in the year.
Source: https://www.france24.com/en/americas/20250711-brazil-lula-tariffs-us-import-taxes
