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

Friday, 11 July 2025 (1 day ago)
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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‘If he charges 50%, we will charge 50%': Brazil vows retaliatory action if negotiations fail; what is the reciprocity law?

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