Brazil’s President Lula da Silva has promised to retaliate against the U.S.’s 25% steel import tariff, asserting the need for reciprocity as Brazil stands as the second-largest exporter of steel to the U.S. Following the announcement by President Trump, Lula’s comments signal potential ramifications for bilateral trade relations.
Brazilian President Luiz Inacio Lula da Silva has expressed strong opposition to the recent imposition of a 25-percent tariff on steel imports by the United States, announced by President Donald Trump. Lula emphasized Brazil’s position as the second-largest steel exporter to the U.S., following Canada, indicating that his country will respond in kind to the tariffs. He stressed the importance of reciprocity and the potential consequences for trade relations between the two nations.
In summary, Lula’s declaration of ‘reciprocity’ underscores Brazil’s determination to counteract the U.S. steel tariffs, highlighting the significant impact on international trade dynamics. As the second-largest supplier of steel to the U.S., Brazil’s response could further escalate tensions in trade relations if not addressed amicably.
Original Source: www.roanecounty.com
