Fortune
Fortune
US · 1 hrs ago

Lula opens a U.S. tariff fight with big tech in the crosshairs

Brazilian President Luiz Inácio Lula da Silva said Friday his government has triggered an economic reciprocity law mechanism against U.S.-imposed tariffs, saying the move was intended to show his nation must be respected. In July, U.S. President Donald Trump imposed tariffs on hundreds of Brazilian exports, with duties reaching up to 37.5% in some products. The Trump administration…
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