Brazil vows retaliatory tariffs against US
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Brazil’s President forcefully rebuked Trump after the U.S. leader called the prosecution of Lula’s predecessor, Bolsonaro, a “witch hunt” and hiked tariffs on the Latin American nation.
Brazil downplays effects of US tariffs proposed by President Trump, as leaders signal a cautious willingness to negotiate. Brazil predicts minimal economic impact, despite concerns from exporters. Trump justifies tariffs amidst controversial legal proceedings against former President Bolsonaro.
Trump pledged to impose tariffs on Brazil at a rate as high as 50%. He accused the country of "attacks" on US tech companies and of conducting a "witch hunt" against the far-right former President Jair Bolsonaro, a longstanding ally who is facing prosecution over his alleged role in a plot to overturn the 2022 Brazilian election.
Brazilian President Luiz Inácio Lula da Silva on Wednesday vowed to hit back at Donald Trump’s new 50% tariffs on Brazilian imports, citing the country’s Economic Reciprocity Law.
Lula’s personal approval ratings hover around 40%, the lowest at any point during his three terms. Only 28% of Brazilians say they approve of his government.
1don MSN
President Donald Trump singled out Brazil for import taxes of 50% on Wednesday for its treatment of its former president, Jair Bolsonaro, showing