Brazil's Lula: If US tariffs take impact, we’ll reciprocate

• W will fight for US tariffs not to take effect
• Trump is misinformed, the US does not run a trade deficit with Brazil

One of Brazil’s main exports to the US is coffee so there is no advantage to the US placing tariffs on it. The Brazilian real is barely down since the whole thing blew up, which tells you the market’s view of it.

This article was written by Adam Button at www.forexlive.com.