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Trump goes after Brazil with 50% tariff, Lula vows response

CNBC · Recent
CNBC
CNBC
Recent

U.S. President Donald Trump slapped 50% tariff on Brazilian goods two days after Brazilian President Luiz Inácio Lula da Silva slammed Trump for his tariff threat against Brics nations. Lula not sitting still, pledging to react in accordance to Brazil's Economic Reciprocity Law.

BreakdownGenerated by LeadStory AI
  • President Trump announces a 50% tariff on Brazilian goods after Lula's critical remarks. 25s
  • President Lula vows to respond according to Brazil's Economic Reciprocity Law. 9s
  • Trump's letter links tariffs to Brazil's treatment of former president Bolsonaro and concerns over free elections. 1m 9s
  • The Brazilian real declines against the U.S. dollar following the tariff announcement. 38s
  • Brazil's beef export industry warns that increased tariffs pose a threat to international trade. 2m 38s
International PoliticsForeign Affairs