Brazil's Lula slams Trump's tariff threat
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Brazil has called on the U.S. to respond to its trade proposal amid escalating tensions over newly announced U.S. tariffs on Brazilian goods. The Brazilian government expressed concern over the economic impact and urged for negotiation,
The US imposed visa ban against several high-ranking Brazilian judicial officials, including Supreme Court Justice Alexandre de Moraes.
Following Trump’s 50% tariff hike on Brazilian goods, a decree creates fast-track process for countermeasures against countries targeting Brazilian interests.
BRASILIA -- The Brazilian government has formally protested the US decision to impose 50 percent import tariffs on all Brazilian exports, effective Aug 1, warning of serious economic consequences and a strain on bilateral relations.
The probe will determine if Brazil's economic policies and practices in a number of areas are "unreasonable or discriminatory and burden or restrict US commerce," the Office of the US Trade Representative said in a statement.
Brazil is urgently responding to U.S. President Trump's new 50% tariffs on Brazilian exports. President Lula convened a cabinet meeting to address the issue, while emphasizing diplomatic solutions. Economic and political tensions are heightened as market impacts are already visible in certain sectors,