CoinVoice has recently learned that U.S. President Trump announced via social media on July 9 that a 50% tariff will be imposed on products imported from Brazil starting August 1. Brazilian President Lula responded with a statement asserting that the claim of 'the U.S. having a trade deficit with Brazil' is purely false information. Official U.S. statistics show that over the past 15 years, the U.S. has achieved a cumulative trade surplus of $410 billion in goods and services with Brazil.

In light of this, any unilateral tariff measures will be met with a reciprocal response based on Brazil's 'Commercial Reciprocity Law'. Lula emphasized that national sovereignty, mutual respect, and a firm defense of the interests of the Brazilian people are always core principles in Brazil's handling of international relations. (CCTV International News) [Original link]