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Brazil vows retaliatory tariffs if US imposes 50% import tax
Hindustan Times Patna
|July 12, 2025
Brazilian President Luiz Inácio Lula da Silva said on Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country's criminal trial against his predecessor, Jair Bolsonaro.
Lula said he will trigger Brazil's reciprocity law approved by Congress earlier this year if negotiations with the US fail.
"If there's no negotiation, the reciprocity law will be put to work. If he charges 50 (% tariffs) from us, we will charge 50 from them," Lula told TV Record in excerpts of an interview that will be fully aired later in the day.
"Respect is good. I like to offer mine and I like to receive it."
This story is from the July 12, 2025 edition of Hindustan Times Patna.
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