Brazil's Lula warns of 50% tariffs on U.S. goods after Trump trade threat

A container ship docked at the Port of Rio de Janeiro in Rio de Janeiro, Brazil, on Thursday, July 10, 2025.

Brazil's President Lula is firing back at Trump's 50% tariff threat — saying Brazil is ready to match any U.S. import taxes, dollar for dollar.

(Image credit: Dado Galdieri)