Brazil will respond to Trump's 50% tariff with 'reciprocity,' says da Silva

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Brazilian President Luiz Inacio Lula da Silva said Wednesday that his country will respond with reciprocity to U.S. President Donald Trump's newly announced 50% tariff rate on his country's exports, citing a recently adopted Brazilian law that authorizes the government to take proportional countermeasures.

Trump said Wednesday the U.S. will impose the tariff on imports from Brazil starting Aug. 1, partly in retaliation for the ongoing prosecution of the country's former president, Jair Bolsonaro.