Brazilian President Luiz Inácio Lula da Silva said on Friday that his government is considering reciprocal tariffs on U.S. goods after Washington imposed a 50% duty on Brazilian imports earlier this month.
“This is a process that takes some time,” Lula told Rádio Itatiaia. “We have to tell the United States that we also have actions we can take against them.”
The move would mark the first test of Brazil’s new reciprocity law, unanimously approved by Congress in April. The legislation authorizes the government to adopt retaliatory measures against unilateral trade actions deemed harmful to Brazilian competitiveness.
The Chamber of Foreign Trade (Camex) has 30 days to decide on a response. If approved, trade specialists will draft proposals, with Brazil’s Foreign Ministry formally notifying Washington during the process.
U.S. President Donald Trump justified the tariff, which took effect on Aug. 6, as a political measure, citing what he described as judicial persecution of former Brazilian president Jair Bolsonaro. Bolsonaro, who governed from 2019 to 2023, faces multiple investigations, including allegations that he sought to overturn the 2022 election won by Lula.
Despite the standoff, Lula said he remains open to dialogue. “I’m not in a hurry. What I want is to negotiate,” he added. Brazil has already filed a complaint with the World Trade Organization (WTO).
The United States maintains a trade surplus with Brazil. Bilateral trade in goods and services reached nearly $127.6 billion in 2024, up from the previous year.
Russia has restricted some mobile internet services ahead of Victory Day on Saturday (9 May), citing security concerns. The annual celebrations, ma...
Ted Turner, the CNN founder who pioneered the 24-hour news cycle, has died aged 87, ...
All remaining passengers aboard a luxury cruise ship hit by a deadly hantavirus outbreak are asymptomatic, Spain&rsqu...
EU foreign policy chief Kaja Kallas’s planned visits to Yerevan and Baku framed the 8th European Political Community summit on 4 May, as Euro...
The 59th Annual Meeting of the Asian Development Bank concluded in Samarkand with new renewable energy agreements, discussions on economic resilien...
Russia has restricted some mobile internet services ahead of Victory Day on Saturday (9 May), citing security concerns. The annual celebrations, marking victory over Nazi Germany in the Second World War, have been scaled back amid fears of attacks from Ukraine.
Ted Turner, the CNN founder who pioneered the 24-hour news cycle, has died aged 87, the network reported on Wednesday (6 May), citing a Turner Enterprises press release. He died surrounded by family.
The 59th Annual Meeting of the Asian Development Bank concluded in Samarkand with new renewable energy agreements, discussions on economic resilience and the release of a major policy report on global value chains.
The Secretary-General of the Iranian Red Crescent Society (IRCS), Meysam Afshar, said the organisation has documented alleged violations of international humanitarian law during the U.S.–Israel war on Iran and shared the findings with international bodies.
President Donald Trump cited "great progress" toward a comprehensive agreement with Iran as he announced he would briefly pause the operation to escort ships through the Strait of Hormuz. Meanwhile, U.S. Secretary of State Marco Rubio urges China to pressure Tehran over its actions in the Hormuz.
The United Arab Emirate said it was dealing with missile and drone attacks from Iran for the second day in a row on Tuesday (5 May), despite denials from authorities in Tehran who threatened a "crushing response" if the UAE retaliated.
All remaining passengers aboard a luxury cruise ship hit by a deadly hantavirus outbreak are asymptomatic, Spain’s Health Minister Mónica García said on Wednesday.
The steps of the Metropolitan Museum of Art were transformed once again into the world's most prestigious runway for the 2026 Met Gala. This year’s theme, 'Costume Art,' invited guests to explore the intersection of nature, history, and the surreal under the official dress code 'Fashion Is Art'.
The 61st Venice Biennale has opened under grey skies and political tension, with disputes over Russia and Israel, resignations on the jury, and protests marking the start of one of the art world’s most high-profile events.
EU foreign policy chief Kaja Kallas’s planned visits to Yerevan and Baku framed the 8th European Political Community summit on 4 May, as European leaders focused on fragile South Caucasus peace efforts and rising geopolitical tensions.
The 59th Annual Meeting of the Asian Development Bank concluded in Samarkand with new renewable energy agreements, discussions on economic resilience and the release of a major policy report on global value chains.
Central Asian countries are stepping up investment in renewable energy as governments across the region seek to strengthen energy security and prepare for mounting environmental pressures.
Representatives from the diplomatic community, the United Nations and international organisations gathered in Kabul on Wednesday ahead of the 13th World Urban Forum (WUF13), set to take place in Baku from 17 to 22 May.
At a major Asian Development Bank summit in Samarkand, investors outlined a compelling vision for Georgia as a digital, transport and energy hub. The potential is clear, but delivering it remains the greater challenge.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment