Brazil's Lula vows retaliation, reciprocity against Trump's 50% tariff'We can appeal to the World Trade Organization, propose international investigations, demand explanations. But the main thing is the Reciprocity Law, passed by Congress. If he charges us 50%, we'll charge him 50%,' Lula said.
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Brazil's President Luiz Inacio Lula da Silva
Credit: Reuters Photo
Brasilia: Brazil's President Luiz Inacio Lula da Silva on Thursday said that his country could take a series of measures to react to the 50% import tariff announced on Wednesday by US President Donald Trump.
"We can appeal to the World Trade Organization, propose international investigations, demand explanations. But the main thing is the Reciprocity Law, passed by Congress. If he charges us 50%, we'll charge him 50%," Lula said during an interview with local news outlet Record.