According to reports, Brazil has declared intentions to impose reciprocal measures if trade negotiations fail, stating, “If he charges 50%, we will charge 50%.”
Key highlights:
• Reciprocity law in focus amid trade talks
• Brazil’s warning of retaliatory action
• Potential impact on global trade relations
The development underscores the growing importance of reciprocity in international trade agreements and its implications for India’s foreign policy and economic interests.