Brazilian President Luiz Inácio Lula da Silva said that he will impose retaliatory tariffs on the United States if Trump follows through on a pledge to boost import taxes by 50% over the South American country's criminal trial against his predecessor, Jair Bolsonaro.
BreakdownGenerated by LeadStory AI
- Protesters in Brazil denounce the US president's plan for a 50% import tariff. 8s
- Donald Trump accuses President Lula of holding a sham trial against Jair Bolsonaro. 41s
- Brazil is a major US trading partner, supplying key goods like coffee and orange juice. 1m 2s
- Brazilian exporters warn the tariffs could raise prices for US consumers. 1m 12s
- President Lula says he is open to negotiations but may impose retaliatory tariffs. 1m 35s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.