Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes

Brazilian President Lula da Silva warns of retaliatory tariffs on the US if Trump imposes a 50% levy over Bolsonaro's trial, risking a trade war. View on euronews

Lula said he will trigger Brazil's reciprocity law approved by Congress earlier this year if negotiations with the U.S. fail.