Lula of Brazil vows to retaliate with tariffs if de import costs go up in de US

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