The Tariff Tango: Brazil and the US Engage in a High Stakes Game of Retaliation The United States' decision to impose 25% tariffs on some Brazilian products has sent shockwaves through Brasília.
President Luiz Inácio Lula da Silva has vowed to retaliate against Washington, citing a long standing trade dispute between the two nations. At its core, this dispute is as much about politics as it is about trade.
The US government's decision to impose tariffs comes on the eve of Brazil's presidential election in October, with Lula seeking re election against one of Bolsonaro's sons.