Brazil weighs reciprocal tariffs on US after Trump’s tariffs
Brazil may retaliate against steep US tariffs after President Lula authorised use of a new reciprocity law, Reuters reported. Trade body Camex has 30 days to identify targets. The Trump tariffs, imposed last month, hit Brazil with a 50% rate but spared key exports like oranges and Embraer jets. Stocktwits sentiment on EWZ ETF stayed bearish.