Brazilian President: Will Negotiate Tariffs with the US, Will Retaliate in Kind if Talks Fail
According to a report by Jinse Finance, citing CCTV News, after the United States announced it would impose a 50% tariff on Brazilian goods starting August 1, Brazilian President Lula stated in an interview on July 10 local time that Brazil will enter into tariff negotiations with the United States and, if unsuccessful, will implement reciprocal countermeasures. Lula said that Brazil will prioritize tariff negotiations and file a lawsuit with the World Trade Organization regarding the U.S. unilateral tariff increase. He emphasized that if negotiations fail, Brazil will, in accordance with the country's Economic Reciprocity Law, take reciprocal countermeasures by imposing a 50% tariff on Brazilian products exported to the United States.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Andalan Perkasa Abadi says unaware of material information behind NASA share volatility
Massive Buyback Faces "Cold Reception"! U.S. Treasury Bond Purchase Plan Hits a Wall, Liquidity Tool Risks Becoming Ineffective
The US Treasury's expanded repo operations faced a record-low subscription ratio, highlighting a bottleneck in long-term bond market absorption, which may force officials to further cut issuance of the less liquid 20-year US Treasury bonds.
Jiangfeng Capital: September 14th BETH Market Daily
Crypto prices
More
