Brazil to withhold reciprocity against US while trade talks continue, Lula says
- Brazilian President Luiz Inacio Lula announced on Monday that Brazil will withhold using its reciprocity law against the United States while trade negotiations continue.
- Washington imposed 25% tariffs on some Brazilian goods in July, alleging unfair trade practices, and Brazil opened a reciprocal measures process in August in response.
- Speaking with CNN International's Christiane Amanpour, Lula said, "I think those tariffs were based on lies," and warned Brazil could reciprocate if trade talks fail.
- During an August call with President Donald Trump, Lula emphasized that negotiations remain the best method to resolve the trade dispute between the two nations.
- The President stated, "While we're still around the negotiation table, I don't have to apply the reciprocity law," signaling Brazil's preference for dialogue over immediate retaliation.
15 Articles
15 Articles
Brazil to withhold reciprocity against US while trade talks continue, Lula says
The Brazilian government does not intend to use its reciprocity law against the United States over tariffs imposed by Washington while negotiations continue, President Luiz Inacio Lula da Silva said on Monday.
He warned that Brazil could retaliate with the same measures if the negotiations fail. In July, the US imposed tariffs of 25% on certain Brazilian goods, accusing Brazil of unfair trade practices. The government of Brazil does not intend to apply its law of reciprocity against the United States of America for the tariffs introduced by Washington as long as the negotiations continue, Brazilian President Luiz Inacio Lula da Silva said today. Lula …
In New York, Lula criticizes Donald Trump for the tariffs imposed on Brazil and condemns American intervention in Venezuela. See the main points.
President Luiz Inácio Lula da Silva said Brazil could apply the Reciprocity Law; he also pointed out that he does not intend to start a trade war with Washington and defended the search for an agreement, this during a Western press interview.
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