Brazil's Lula pledges reciprocity after Trump tariff announcement
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FILE PHOTO: Brazil's President Luiz Inacio Lula da Silva speaks to the media at the BRICS Summit in Rio de Janeiro, Brazil July 7, 2025. REUTERS/Ricardo Moraes/File Photo
BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Wednesday said that his nation would act with reciprocity, hours after U.S. President Donald Trump slapped Latin America's largest economy with 50% tariffs on exports to the U.S.
"Any measure to unilaterally raise tariffs will be responded to in accordance with Brazil's Economic Reciprocity Law," Lula's office said in a statement.
(Reporting by Ricardo Brito; Writing by Isabel Teles; Editing by Kylie Madry)
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