Brazil-U.S. Trade Clash: Lula Threatens Retaliation Against Trump's Tariffs

President Luiz Inacio Lula da Silva warned that Brazil might retaliate against U.S. President Donald Trump's increased tariffs on steel imports by filing a complaint with the WTO or taxing U.S. imports. Lula emphasized the importance of balanced U.S.-Brazil trade relations but expressed concern over Trump's protectionist policies.

President Luiz Inacio Lula da Silva of Brazil has announced potential countermeasures in response to the recent decision by U.S. President Donald Trump to impose higher tariffs on steel imports.

Lula suggested that Brazil could file a complaint with the World Trade Organization or levy taxes on U.S. products as a form of retaliation. The Brazilian president conveyed his intent to maintain harmonious trade relations with the United States while safeguarding his country's economic interests.

Despite a significant trade surplus in favor of the United States, Lula expressed concern over Trump's protectionism, highlighting its contradiction to America's free market advocacy.

(With inputs from agencies.)