Brazilian President Luiz Inácio Lula da Silva warned on Wednesday that his government is prepared to retaliate after President Trump announced plans to impose 50 percent tariffs on goods imported from his country.
In a statement posted to the social platform X, the Brazilian leader pushed back on “inaccurate” claims of a U.S. trade deficit in its commercial relationship with Brazil, saying, “Statistics from the U.S. government itself show a surplus of $410 billion in the trade of goods and services with Brazil over the past 15 years.”
“Therefore, any unilateral tariff increases will be addressed in accordance with Brazil’s Economic Reciprocity Law,” Lula continued in the statement.
“Sovereignty, respect and the unwavering defense of the interests of the Brazilian people are the values that guide our relationship with the world,” he added.
The Economic Reciprocity Law was signed into law on April 14, shortly after Trump announced his sweeping tariffs on numerous countries. The government cited Trump’s tariffs as the impetus for the law.
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Author: Dillon B
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