In response to the recent announcement by former US President Donald Trump imposing new tariffs, Brazilian President Luiz Inácio Lula da Silva has urged member countries of the BRICS bloc to consider imposing retaliatory tariffs against the United States. Speaking at a recent economic forum, President Lula emphasized the need for a unified stance among Brazil, Russia, India, China, and South Africa to protect their trade interests and counter what he described as “unfair trade practices” by the US.
The call for coordinated action comes amid escalating trade tensions that threaten to disrupt global supply chains and economic stability. Lula highlighted the importance of BRICS countries leveraging their collective economic power to safeguard their markets and promote fair trade. This move is seen as a strategic effort to push back against protectionist policies that could undermine emerging economies.
Trade experts note that retaliatory tariffs could further complicate already strained relations between the US and key emerging markets, potentially impacting industries ranging from agriculture to manufacturing. The BRICS coalition, representing over 40% of the world’s population and a significant share of global GDP, has increasingly sought to assert its influence on the international trade stage.
President Lula’s appeal reflects a broader push within BRICS to strengthen economic cooperation and present a united front in the face of rising geopolitical challenges. Observers believe that the outcome of this call could shape the trajectory of global trade dynamics in the months ahead, with far-reaching implications for international markets and diplomatic relations.
