Brazil retalled with a “reciprocity law”

After the attack, the response. The Brazilian president. Luiz Inacio Lula da Silva, known as “Lula”, signed, Monday July 14 in the evening, the decree allowing the entry into force of the said “reciprocity law”. This text. voted by the congress in April during the first salvo of taxes decided by the American president, Donald Trump, authorizes the country to suspend the “Commercial concessions, investments and obligations linked to intellectual property rights in response to unilateral actions in countries or economic blocks which negatively affect its international competitiveness”. A barely masked replica in the United States. which, on July 9, announced new customs taxes of 50 % against the South American giant, which can come into force from 1^is august.

The law includes in particular the possibility of economic replicas against countries which “Interfere in the legitimate. sovereign choices of Brazil”. A text which brazil retalled “reciprocity law” therefore seems to be tailor -made for the current situation: to justify his decision, Mr. Trump had mainly invoked treatment “Unjust” Reserved for ex-President Jair Bolsonaro, threatened with prison for attempted coup. However. the text seems to rule out the possibility of symmetrical measures to those taken by the United States, since it specifies that the potential aftershocks must “Minimize the impact on economic activity”.

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