Lula: Brazil may take reciprocal measures if no trade deal with US

This is a political signal rather than a market event, and its weight lies in the conditionality: no agreement, no countermeasures. For crypto and RWA markets, the relevance is indirect, since trade friction shapes the broader risk appetite that digital assets trade against, not any specific protocol or token. Brazil's posture matters because it is a major emerging-market economy whose policy stance can influence how regional capital treats dollar-denominated and on-chain alternatives. Whether the talks produce a deal, and whether any reciprocal measures actually materialise, is the open question.