Brazil's President Lula Pushes Back Against US Tariff Threat at BRICS Summit
Brazil's President Lula responded to US President Trump's tariff threats at the BRICS Summit, emphasizing the need for global economic reorganization. Trump imposed higher tariffs on various countries, sparking tensions. BRICS leaders carefully navigated Trump's warnings, emphasizing cooperation and non-coercion.
Brazil's President Luiz Inácio Lula da Silva pushed back against US President Donald Trump's threat to impose extra tariffs on BRICS nations at the end of the BRICS Summit in Rio de Janeiro. Lula emphasized the changing world dynamics and the need for new economic organization, describing BRICS as seeking alternative ways to organize the global economy.
Trump recently imposed higher tariffs on 14 countries, marking a new phase in the trade war he initiated. While the US administration does not immediately plan to impose a 10% tariff on all BRICS countries, they could take action if deemed necessary. Lula stressed the importance of alternative trade options beyond the US dollar, hinting at the need for diverse trade relations.
BRICS leaders, including South Africa and China, responded cautiously to Trump's warnings, expressing hopes for future trade deals with the US. Amid global conflicts and trade tensions, BRICS has positioned itself as a platform for multilateral diplomacy, offering a space for cooperation amidst divisions.
The BRICS group, comprising Brazil, Russia, India, China, and South Africa, expanded its membership last year to include countries like Egypt, Ethiopia, and Iran. With over 30 countries expressing interest in joining BRICS, the group aims for win-win cooperation and non-confrontational policies.