‘If he charges 50%, we will charge 50%': Brazil vows...

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‘If he charges 50%, we will charge 50%': Brazil vows retaliatory action if negotiations fail; what is the reciprocity law?

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Brazilian President Lula da Silva vowed to retaliate if the US imposes tariffs, invoking Brazil's Economic Reciprocity Law. This followed Donald Trump's announcement of a 50% tariff on Brazilian imports, citing unfair treatment of Jair Bolsonaro. Lula criticized Trump's interference in Brazilian justice and warned against disrespecting Brazil's sovereignty.

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