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.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, ...
Iran has rejected as “irrelevant” a UN nuclear watchdog resolution referring its nuclear file to the UN Security Council, arguing that ...
Georgia’s busiest sea gateway has reached its capacity limit, adding urgency to plans for a major expansion of Poti port as the country seeks...
Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Wildfires have broken out in Türkiye’s Antalya province, forcing hundreds of people to evacuate as strong winds fuelled the flames.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran has rejected as “irrelevant” a UN nuclear watchdog resolution referring its nuclear file to the UN Security Council, arguing that U.S. and Israeli strikes on sites under verification were the main reason inspections were halted.
Georgia’s busiest sea gateway has reached its capacity limit, adding urgency to plans for a major expansion of Poti port as the country seeks to strengthen its role in the Middle Corridor trade route between Asia and Europe.
Saudi Arabia’s outbound travel market could surge from around $35 billion to more than $60 billion by 2030-2034, driven by a young generation of high-spending travellers and intensifying competition among global destinations.
Kabul could become the first modern city in the world to run out of water by 2029, the UK head of the International Rescue Committee (IRC) has warned following a week-long visit to Afghanistan.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment