Brazil will impose equivalent import taxes on US goods, pushing the BRICS countries to reduce their reliance on the US dollar.

Brazil will impose import tariffs on U.S. goods on August 1, until the White House cancels the tariffs on Brazilian goods

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President Lula of Brazil stated that Brazil will impose equivalent import taxes on U.S. goods starting August 1, unless the President of the United States cancels the previously announced 50% import tax on Brazilian goods.

"If the U.S. does not follow through with the decision to cancel, we will start applying the principle of reciprocity from August 1!"

Lula emphasized that the U.S. threats have further pushed the BRICS countries to abandon the dollar faster in their mutual trade.

Lula also condemned the unacceptable nature and tone of the letter from the U.S. president, "This is a case of one country interfering in another country's sovereign affairs, which is unacceptable."

Original: https://www.toutiao.com/article/1837318661687296/

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