Article 6YJAK Lula threatens 50% tariff on US goods in retaliation for Trump levy on Brazil

Lula threatens 50% tariff on US goods in retaliation for Trump levy on Brazil

by
Callum Jones in New York
from US news | The Guardian on (#6YJAK)

Brazilian president says if he charges us 50%, we'll charge him 50%' after Trump cited trial of Bolsonaro to justify tariff

Brazil threatened to hit back against Donald Trump's plan to introduce 50% tariffs on its exports with its own 50% tariff on US goods, setting the stage for a precipitous trade war.

If he charges us 50%, we'll charge him 50%," Luiz Inacio Lula da Silva, the Brazilian president, told local news outlet Record, a day after Trump threatened to impose steep duties on Brazilian goods and accused the country of conducting a witch-hunt" against its former president Jair Bolsonaro, who is facing a trial over his attempt to overturn his 2022 election defeat.

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