In response to Tariff’s rates, president says he will report the World Trade Organization or act for the principle of reciprocity
This Friday (14), the President It has stated that the government will make measures against the recent US decision to tax Brazilian steel. He mentioned the possibility of bringing the issue to or implement retaliatory tariffs. This statement arises after the signing of a memorandum by the president which establishes reciprocal tariffs for countries that impose import rates.
“If I tax the Brazilian steel we will react commercially, or we will report in the organization of the trade or we will tax the products that we import from them,” said the president.
Lula emphasized the relevance of the relationship between Brazil and the United States, noting that he has not yet had the opportunity to dialogue directly with Trump on the subject. “There is no relationship, I haven’t talked to him yet and he hasn’t talked to me yet. The relationship is between Brazilian state and the American state. Brazil considers the US an extremely important country for Brazil’s relationship and I hope the US recognizes Brazil as a very important country, ”said the petista.
The memorandum signed by Trump is not yet in force, which makes room for the countries involved to negotiate new commercial terms before tariffs are actually applied.
Since he took office as president, Trump has announced the implementation of tariffs to products imported from various countries, including Brazil. Such decisions generate uncertainties in international trade and strengthen a trade war between the United States and other economies.
*Report produced with the aid of AI
Posted by Victor Oliveira
