00:00Brazilian President Luiz Inácio Lula da Silva says that Brazil will enter talks with the U.S.
00:06but is ready to impose reciprocal countermeasures if needed.
00:10He warns that if negotiations fail, Brazil will legally slap a 50% tariff on U.S. exports.
00:18This came after U.S. President Donald Trump, in a letter on Wednesday,
00:23announced a 50% tariff on Brazilian goods.
00:26Lula said Brazil will both negotiate and file a lawsuit with the World Trade Organization against the move.
00:33In his letter, Trump accused Lula of politically persecuting former President Jair Bolsonaro
00:38and demanded the prosecution be dropped.
00:42Bolsonaro, who lost the 2022 election, is under investigation
00:45for allegedly plotting a military coup to overturn the results.
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