Brazil vows retaliatory tariffs on U.S.


Source: cp24.com cp24.com

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RIO DE JANEIRO — Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if U.S. President Donald Trump follows through on a pledge to boost import taxes by 50 per cent over the South American country’s criminal trial against his predecessor, Jair Bolsonaro. Lula said he will trigger Brazil’s reciprocity law approved by Congress earlier this year if negotiations with the U.S. fail. “If there’s no negotiation, the reciprocity law will be put to work. If he charges 50 (per cent tariffs) from us, we will charge 50 from them,”...