Brazil’s Lula to sign decree on trade reciprocity after Trump tariffs
Investing.com -- Brazilian President Luiz Inacio Lula da Silva will sign a decree on Monday establishing criteria for the government’s response to foreign trade measures that harm the Brazilian economy, according to Chief of Staff Rui Costa.
The decree will regulate the trade reciprocity law that Brazil’s Congress passed in April. Costa told journalists in Brasilia that the document should be published in the official gazette on Tuesday.
This move comes after U.S. President Donald Trump announced last week that he would impose a 50% tariff on Brazilian exports.
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