Brazil weighs measures on US dividends, tech firms, reports say
Brazil s governing body is studying feasible responses to further sanctions by U S President Donald Trump including a limit on dividend payments by U S companies with operations in Brazil according to O Estado de S Paulo newspaper President Luiz Inacio Lula da Silva s leadership is intensifying its deliberations on manageable measures after the U S cabinet revealed it was revoking visas for a few Brazilian Supreme Court justices The move came after Justice Alexandre de Moraes sent police to raid the home of ex-President Jair Bolsonaro ahead of his trial on charges he attempted a coup to remain in power Finance Minister Fernando Haddad denied Brazil is considering limits on dividends as a retaliation against the U S Reuters shared citing a declaration The Brazilian executive is also considering ending the licensing of U S drug patents and levying taxes on big tech firms according to O Estado de S Paulo and O Globo It hasn t made a decision and any measures will require Lula s approval the newspapers commented The executive intends to continue diplomatic negotiations with the Trump administration O Estado de S Paulo noted adding that any retaliatory measures may be adopted after Aug The U S executive has communicated a tariff on Brazil that will take effect on Aug which Trump has tied to the charges against Bolsonaro The regime is studying a tax on digital services offered by big tech companies with different rates depending their revenues O Globo revealed saying the measure is being analyzed by Finance Ministry Lula mentioned on Saturday he s certain that no kind of intimidation or threat from anyone will compromise the nation s institutions in their mission to defend the rule of law The interference of one country in the judiciary of another is unacceptable and violates the basic principles of respect and sovereignty between nations according to a announcement published by Brazilian president offering patronage to the Supreme Court s justices
