Brazil investigates retaliatory tariffs against the U.S. over Trump's 50% goods tax.

Brazilian President Lula has approved an investigation into potential retaliatory actions against the US following Trump's 50% tariffs on Brazilian goods. The Ministry of Trade and Industry has 30 days to determine if these tariffs fall under Brazil's Economic Reciprocity Law, which could lead to reciprocal tariffs. Brazil will notify the US of its decision to examine reprisals.