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Brazilian president says it will respond reciprocally to US tariffs on it
According to Foresight News, according to CCTV International Times, Brazilian President Lula issued a statement on "Trump said it will impose 50% tariffs on products imported from Brazil from August 1", saying that the claim that "the United States has a deficit in trade with Brazil" is purely false information. Official U.S. statistics show that the United States has achieved a cumulative surplus of US$410 billion in trade in goods and services with Brazil in the past 15 years. In view of this situation, any unilateral tariff measures will be responded reciprocally in accordance with the Brazilian Commercial Reciprocity Law. "National sovereignty, mutual respect and firm defense of the interests of the Brazilian people have always been the core norms of Brazil's handling of international relations."
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