Brazil's president says he will respond reciprocally to US tariffs
2025-07-09 23:37:21
On July 10, in response to US President Donald Trump's announcement on social media on July 9 local time that he would impose a 50% tariff on imports from Brazil from August 1, Brazilian President Lula issued a statement responding that the statement that "the United States has a deficit in trade with Brazil" is purely misinformation. Official US statistics show that the United States has accumulated a surplus of 410 billion US dollars in goods and services trade with Brazil over the past 15 years. In view of this, any unilateral tariff measures will be responded to < b > reciprocity in accordance with Brazil's Commercial Reciprocity Law. Lula stressed that national sovereignty, mutual respect and the firm defense of the interests of the Brazilian people have always been the core norms of Brazil's handling of international relations.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.