As the U.S. prepares to launch steep tariffs on countries without direct trade deals, Brazil and India have made it clear: they are not bowing to pressure. Facing a potential 50% tariff on Brazilian exports and a 25% tariff on Indian goods, both nations are ready to safeguard their interests.
In a candid exchange with the media, Brazil's President Luiz Inacio Lula da Silva revealed that his call to U.S. President Donald Trump went unanswered. "If he wants to have a political fight, then let's treat it as a political fight. If he wants to talk trade, let's sit down and discuss trade. But you can't mix everything together," Lula stated, underlining that Brazil will address trade differences head-on.
Commenting on the situation, Professor Evandro Menezes de Carvalho from Brazil's Getulio Vargas Foundation described the move as an indiscriminate use of a "tariff machine gun" that has created uncertainty among industries dependent on the U.S. market. This approach, he argues, is pushing businesses to diversify and look for new trade partners.
India is echoing this defiant stance. Following U.S. remarks on imposing tariffs, India's Ministry of Commerce and Industry has affirmed that it will take all necessary steps to protect national interests. Observers, including key industry figures like Dilip Kumar, note that any added cost from these tariffs is likely to hit U.S. consumers harder than the exporters.
For news enthusiasts, entrepreneurs, students, and those interested in global trends, this developing story underscores the evolving nature of international trade and diplomacy. With a blend of resilience and strategic planning, both Brazil and India are paving the way for a future where national interests come first. Stay tuned for more updates on this dynamic global trade battleground! 🌍🚀
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Brazil, India reject U.S. tariff pressure, vow to defend own interests
cgtn.com
