Brazil Fires a Warning Shot Across the US Tariff Battlefield Brazilian President Luiz Inácio Lula da Silva is taking a firm stance against US trade policies.
By invoking an economic reciprocity law mechanism in response to tariffs on hundreds of Brazilian exports, Lula is demonstrating that his country will defend its interests.
The tensions are familiar: since July, the US has imposed tariffs ranging from 15% to 37. 5% on Brazilian goods, particularly steel products.