‘I am in no rush’: Brazil’s Lula weighs countermeasures to Trump’s tariffs | International Trade News

Brazil’s President Luiz Inacio Lula da Silva has indicated that his government will not immediately impose retaliatory tariffs on the United States.

Instead, on Friday, he repeated his call for his US counterpart, Donald Trump, to join him in trade negotiations.

Currently, Brazil faces 50 percent taxes on all its exports to the US, the highest current tariff rate of any country except India.

While Brazil has yet to respond in kind, on Thursday, its Chamber…