
Lula Vows Retaliatory Tariffs if U.S. Imposes 50% Duties, Seeks Diplomatic Solution First
Brazilian President Luiz Inácio Lula da Silva stated he will pursue diplomatic negotiations to avert U.S. President Donald Trump’s proposed 50% tariffs on Brazilian exports but warned of reciprocal measures if the duties take effect August 1. In an interview with Record TV, Lula invoked a newly passed law empowering Brazil to retaliate against trade […]