Brazil 🇧🇷 to Retaliate with Tariffs ⚔️ if #TRUMP 🇺🇸 Follows Through on 50% Import Tax 💥
Brazilian President Luiz Inácio Lula da Silva has warned that 🇧🇷 will impose retaliatory tariffs on 🇺🇸 if President Donald Trump goes ahead with his pledge to raise import taxes by 50%. This move is in response to Brazil's ongoing criminal trial against ex-President Jair Bolsonaro, who faces charges related to attempting to overturn the 2022 election.
💬 “If there’s no negotiation, the reciprocity law will be activated. If Trump charges us 50%, we’ll charge them 50%,” Lula said, emphasizing the importance of mutual respect.
The new threat of tariffs could ignite a trade war between the two nations, similar to the ongoing U.S.-China trade conflict. Trump’s letter attacking Brazil’s judiciary and Bolsonaro’s trial has opened a new front in his global trade wars. The U.S. President has previously used tariffs as a tool to influence international politics, including dealing with issues like fentanyl trafficking and tech regulations.
Lula has made it clear that Brazil won’t change its domestic legal processes, particularly regarding Bolsonaro’s trial. “Any change would be Brazil’s capitulation,” said political scientist Carlos Melo.
If Trump’s tariffs take effect, Brazilian goods will face higher taxes starting August 1. Brazil is preparing for a tough economic showdown, with both nations ready to defend their interests. ⚖️🌍
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