Lula Authorizes Retaliation Process Against Trump’s Tariffs (2)

Brazil launched a process to explore retaliatory measures against the 50% tariffs Donald Trump imposed, although President Luiz Inacio Lula da Silva emphasized that he’s still seeking negotiations with the US.

Lula authorized the start of a 30-day review of the effects of the higher US levies on a variety of Brazilian goods, followed by a government examination of potential countermeasures.

But rather than an immediate escalation to the trade war, the plan is meant as an initial step designed to encourage talks. And Brazil is likely to consider options like the treatment of US intellectual property rather than retaliatory ...