Brazil is preparing to retaliate against the 50% US tariffs imposed on its exports, which are part of escalating tensions in a trade war initiated by Donald Trump. The tariffs were prompted by Trump's accusations regarding Brazil's treatment of former president Jair Bolsonaro amid his legal issues. President Luiz Inacio Lula da Silva confirmed Brazil's sovereignty and independence, asserting the nation's right to respond to US economic actions. Brazilian ministers convened to strategize on how to address these tariffs, with a study group being formed to deliberate measures against the US.
Brazil's president, Luiz Inacio Lula da Silva, stated that Brazil is a sovereign nation with independent institutions and will not accept any form of tutelage from the US.
Trump's 50% tariffs on Brazilian goods were prompted by accusations that Brazil was involved in a witch-hunt against former president Jair Bolsonaro over the 2022 election.
Lula convened ministers early Thursday to discuss the government’s response to Trump’s 50% tariff threat and confirmed that a study group would be formed to decide on action.
Trump has indicated that any increase in tariffs by Brazil will result in additional duties on top of the already planned 50% tariffs that the US will impose.
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