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.
President Donald Trump has said that hostages should be released Monday or Tuesday at a cabinet meeting held in the White House on Thursday....
French President Emmanuel Macron stated on Thursday that the coming hours will be crucial for securing peace in Gaza, with the ongoing conference in P...
Defence ministers from Türkiye, Azerbaijan and Georgia meet in Ankara, Türkiye on Thursday which included the signing of bilateral and trilateral ag...
New restrictions have been reported on some social media platforms in Afghanistan, barely a week after a two-day nationwide blackout disrupted interne...
Indian police have arrested the owner of Sresan Pharmaceutical Manufacturer, the cough syrup company linked to the deaths of at least 19 children in t...
President Donald Trump has said that hostages should be released Monday or Tuesday at a cabinet meeting held in the White House on Thursday.
French President Emmanuel Macron stated on Thursday that the coming hours will be crucial for securing peace in Gaza, with the ongoing conference in Paris aimed at complementing the U.S. initiative.
Defence ministers from Türkiye, Azerbaijan and Georgia meet in Ankara, Türkiye on Thursday which included the signing of bilateral and trilateral agreements on boosting regional security.
New restrictions have been reported on some social media platforms in Afghanistan, barely a week after a two-day nationwide blackout disrupted internet and telecommunications services in the country.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
New restrictions have been reported on some social media platforms in Afghanistan, barely a week after a two-day nationwide blackout disrupted internet and telecommunications services in the country.
The Iranian Minister of Road and Urban Development Farzaneh Sadegh is scheduled to visit Baku next week to take part in the tri-lateral meeting between Azerbaijan, Iran and Russia to exchange views on the development of the International North–South Transport Corridor (INSTC).
At the invitation of President of the Republic of Tajikistan Emomali Rahmon, President of the Republic of Azerbaijan Ilham Aliyev has arrived in Dushanbe on 9 October to participate in the meeting of the CIS Heads of State Council.
The Kremlin says it is optimistic about talks between Russian President Vladimir Putin and Azerbaijani President Ilham Aliyev, due to take place in Dushanbe, Tajikistan, on Wednesday — their first full meeting in a year.
Azerbaijani President Ilham Aliyev has sent a message to participants of the international conference 'Combining Efforts and Expanding Cooperation for Resolving the Issue of Missing Persons', held in Baku within the framework of the Baku Dialogue on Missing Persons.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment