Brazil Vows Retaliation After Trump’s Tariff Threat: Trade War Looms
In response to former US President Trump’s threat to impose a 50% import tax on Brazilian goods, President Lula da Silva vowed to match any imposed tariffs. Trump’s threat, citing Brazil’s treatment of former President Bolsonaro, was met with strong condemnation from Lula. The Brazilian leader asserted that the country would not accept “tutelage” and would impose reciprocal tariffs on US goods if the US followed through with the increase. The trade dispute is fueled by Trump’s disapproval of Bolsonaro’s trial, as well as an argument regarding the US’s trade deficit with Brazil, which data suggests does not exist.
John Q. Hosedrinker