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
See The Full Story

Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.