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.
Millions of mourners are expected to line the streets of Tehran on Monday for the funeral procession of Iran's slain former supreme leader, Ali Khame...
Juan Zapata was just finishing dinner in his fifth-floor apartment overlooking the Caribbean when the twin earthquakes struck Venezuela’s coast on t...
United States striker Folarin Balogun will be eligible to face Belgium in the World Cup round of 16 after FIFA suspended the implementation of his one...
U.S. President Donald Trump will meet Ukrainian President Volodymyr Zelenskyy during this week's NATO summit in Türkiye as Washington renews effort...
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the secon...
Millions of mourners are expected to line the streets of Tehran on Monday for the funeral procession of Iran's slain former supreme leader, Ali Khamenei, as part of a week-long farewell. His son and designated successor, Mojtaba Khamenei, has yet to make a public appearance.
Juan Zapata was just finishing dinner in his fifth-floor apartment overlooking the Caribbean when the twin earthquakes struck Venezuela’s coast on the 24 June, hurling him across the room and into a collapse of concrete and steel.
United States striker Folarin Balogun will be eligible to face Belgium in the World Cup round of 16 after FIFA suspended the implementation of his one-match ban following an intervention by U.S. President Donald Trump, according to a Reuters report.
U.S. President Donald Trump will meet Ukrainian President Volodymyr Zelenskyy during this week's NATO summit in Türkiye as Washington renews efforts to bring an end to the war in Ukraine, a senior U.S. official said on Sunday.
Russia's Defence Ministry has said its forces are clearing the town of Lyman in Donetsk of Ukrainian forces, Moscow's state news agency Tass reported. Meanwhile, Russian attacks killed at least six people across three Ukrainian regions on Friday, regional officials said.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
Governments are tightening restrictions on teenagers’ use of social media amid growing concerns over mental health, online safety and platform design, but questions remain over enforcement and whether bans can meaningfully change behaviour.
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the second day of mass processions. Three of Khamenei's sons attended the ceremony, while his successor, Mojtaba Khamenei, made no public appearance.
Scotland produced a polished seven-try performance to defeat Argentina 47-38 in a high-scoring Nations Championship opener on Saturday.
Millions of mourners are expected to line the streets of Tehran on Monday for the funeral procession of Iran's slain former supreme leader, Ali Khamenei, as part of a week-long farewell. His son and designated successor, Mojtaba Khamenei, has yet to make a public appearance.
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the second day of mass processions. Three of Khamenei's sons attended the ceremony, while his successor, Mojtaba Khamenei, made no public appearance.
Regional economic cooperation took centre stage in Baku as the 28th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Bank was held alongside a Business Forum. The event brought together government officials, business leaders and experts from across the region.
Uzbekistan is seeking to expand export and import cargo transportation through Georgia’s Black Sea port of Poti as part of efforts to diversify trade routes and strengthen regional connectivity, the Ministry of Transport said.
Armenia's Constitutional Court on Saturday dismissed legal challenges from opposition parties seeking to annul last month's parliamentary election results, paving the way for Prime Minister Nikol Pashinyan to continue in office.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment