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Brazil's President Lula Da Silva has vowed retaliatory measures against the US following Donald Trump's imposition of a 50% tariff on Brazilian goods. Da Silva refuted Trump's claim of a trade deficit, citing a US surplus of $410 billion over 15 years. He emphasized Brazil's sovereignty and adherence to its Economic Reciprocity Law in response to any unilateral tariff hikes.
Donald Trump has declared a 50% tariff on copper imports, effective August 1, 2025, citing national security concerns and aiming to revitalize the American copper industry. He criticized past leaders for weakening the sector, particularly blaming the Biden administration's policies. Trump asserts this tariff will restore America's dominance in copper production, essential for defense and technology.
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