Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
Reading: Lula warns of reciprocal tariffs against US
Share
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeekBreaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
Search
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
© 2024 All Rights Reserved | Powered by India News Week
Brazil’s Lula says any US tariffs would be reciprocated
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > International > Lula warns of reciprocal tariffs against US
International

Lula warns of reciprocal tariffs against US

January 31, 2025 4 Min Read
Share
SHARE

Brazilian President Luiz Inacio Lula da Silva has stated that if the United States decides to impose tariffs on his country, he will reciprocate with similar measures.

During a press conference in Brasilia on Thursday, Lula emphasized the importance of a relationship built on mutual respect. His remarks were prompted by US President Donald Trump’s recent threats of increased tariffs.

“It’s quite simple: If he imposes taxes on Brazilian products, there will be a corresponding response,” Lula told reporters.

“Trump was chosen to lead the US, and I was chosen to lead Brazil. I will respect the US and I expect Trump to show the same respect towards Brazil. That’s all.”

Lula’s comments highlight the potential for a trade war provoked by Trump’s actions against US allies.

His stance also presents a potential blueprint for how other Latin American nations might react to Trump’s protectionist policies. Trump has promoted tariffs as a means to bolster domestic industry and pressure other countries into meeting various demands, ranging from manufacturing to migration.

Earlier this week, Trump threatened significant tariffs against Colombia after President Gustavo Petro initially objected to a US military flight carrying undocumented immigrants landing in the country.

Petro was concerned about the treatment of the immigrants, some of whom were reportedly handcuffed. After both leaders exchanged tariff threats, Petro ultimately relented, allowing future flights to proceed, despite drawing a comparison between Trump and “white slavers”.

Trump has since continued to hint at the possibility of tariffs against other countries following the diplomatic disagreement. He recently announced plans to impose 25% tariffs on Canada and Mexico, two of the US’s largest trading partners.

“We do not require their products,” Trump stated.

He has suggested that these tariffs would push Mexico and Canada to enhance their border security and curb the influx of drugs, migrants, and asylum seekers. In the past, Trump has even raised the idea of military interventions within Mexico to combat drug-trafficking cartels moving illegal substances across the border.

Experts attribute the growing threat of tariffs to Trump’s “America First” foreign policy, which prioritizes US interests above all else.

His comments during his second inauguration on January 20 emphasized this approach. He not only hinted at upcoming tariffs “to benefit our citizens” but also outlined an ambitious vision for the US’s future, including potential actions regarding the Panama Canal.

However, these threats have not been well-received in Latin America, given the region’s history of US interventions and interference.

“I have governed Brazil during the tenures of both Republican and Democratic US presidents, and our relationship has always been that of two sovereign nations,” said Lula, who was re-elected for a third non-consecutive term in 2023 after defeating Jair Bolsonaro, a close ally of Trump.

The US currently holds a trade deficit with Brazil, purchasing products such as coffee, oil, steel, aircraft, and orange juice from the country. In return, Brazil primarily buys energy products, pharmaceutical goods, and aircraft parts from the US.

Although trade deficits can be influenced by factors like consumer demand and currency values, there are concerns that a trade war instigated by the US could create opportunities for other economic competitors.

Over recent years, China has strengthened its economic ties with South America, emerging as the primary trading partner for many countries in the region.

TAGGED:International
Share This Article
Twitter Copy Link
Previous Article Tata Motors Maruti Suzuki Q3 results shares: Brokerages bullish on Maruti Suzuki, while Tata Motors get cautious outlook Brokerages Split on Auto Majors: Maruti Suzuki Gains, Tata Motors Faces Caution
Next Article Government Tech Workers Forced to Defend Projects to Random Elon Musk Bros Government Tech Workers Pressure-Test Projects in Front of Unqualified Elon Musk Enthusiasts
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Singtel sells about $1.2 billion stake in Bharti Airtel

Singtel Divests $1.2 Billion Stake in Bharti Airtel: Key Insights

November 7, 2025
Cloud, code, and cuts: How India’s IT industry is rewriting its workforce for the AI era

India’s IT Sector Transforms Workforce for the AI Revolution

November 7, 2025
SEBI, RBI in talks to allow banks in commodities derivatives

SEBI and RBI Discuss Allowing Banks to Trade in Commodity Derivatives

November 7, 2025
Crude oil futures trade higher after recent losses

Crude Oil Futures Rise After Recent Declines: A Market Recovery Sparks Hope

November 7, 2025
Supreme Court to hear all petitions against state anti-conversion laws

“This is not a mere formality”: Supreme Court declares written grounds of arrest a fundamental right make unique title from original. The maximum number of words is 16.

November 7, 2025
Matt Henry returns as New Zealand announces squad for West Indies ODIs

Matt Henry returns as New Zealand announces squad for West Indies ODIs make unique title from original. The maximum number of words is 16.

November 7, 2025

You Might Also Like

Afghan earthquake survivors face winter cold after deadly quakes
International

Afghan earthquake survivors face winter cold after deadly quakes Summarize this tweet into a catchy, SEO-friendly title in English. Max 12 words. Output only the title.

1 Min Read
El Salvador offers to jail US convicts in ‘unprecedented’ proposal
International

El Salvador proposes housing US convicts in groundbreaking offer

4 Min Read
Q&A: Leader of Myanmar’s shadow government talks civil war strategy in 2025
International

Strategizing for Civil War: Myanmar’s Shadow Government Leader on 2025 Plans

3 Min Read
Lebanon President Joseph Aoun starts consultations for PM selection
International

Lebanon President Joseph Aoun initiates talks to select PM

2 Min Read
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek

Welcome to IndiaNewsWeek, your reliable source for all the essential news and insights from across the nation. Our mission is to provide timely and accurate news that reflects the diverse perspectives and voices within India.

  • Home
  • Nation News
  • Economy News
  • Politics News
  • Sports News
  • Technology
  • Entertainment
  • International
  • Auto News
  • Bookmarks
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • Home
  • Nation
  • Politics
  • Economy
  • Sports
  • Entertainment
  • International
  • Technology
  • Auto News
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

© 2024 All Rights Reserved | Powered by India News Week

Welcome Back!

Sign in to your account

Lost your password?