Express
Brazilian President to Respond Equally to US Tariffs
Summary: In response to US President Trump's announcement on July 9th local time that a 50% tariff will be imposed on products imported from Brazil starting August 1st, Brazilian President Lula stated that the claim of a trade deficit with Brazil is false. Official US statistics show a $410 billion surplus in goods and services trade ...
In response to US President Trump's announcement on July 9th local time that a 50% tariff will be imposed on products imported from Brazil starting August 1st, Brazilian President Lula stated that the claim of a trade deficit with Brazil is false. Official US statistics show a $410 billion surplus in goods and services trade with Brazil over the past 15 years. Therefore, any unilateral tariff measures will be met with an equal response under Brazil's Reciprocal Trade Law. Lula emphasized that upholding national sovereignty, mutual respect, and defending the interests of the Brazilian people are core principles in Brazil's handling of international relations. (CCTV International News)
