Brazil’s Lula says in no rush to reciprocate US tariffs, seeks negotiations

Published 29/08/2025, 14:58
Brazil’s Lula says in no rush to reciprocate US tariffs, seeks negotiations

Investing.com -- Brazilian President Luiz Inacio Lula da Silva stated Friday he is not rushing to impose retaliatory tariffs against the United States, despite recent 50% duties placed on Brazilian goods by President Donald Trump.

"This is a process that takes a bit of time," Lula said in an interview with Itatiaia radio. "We have to tell the United States that we also have actions we can take against them. But I am in no rush. What I want is to negotiate."

While Lula emphasized his preference for dialogue, Brazil’s Foreign Ministry has directed trade body Camex to begin examining whether a local reciprocity law could be utilized against the United States in response to Trump’s tariff action.

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