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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

International Desk By International Desk January 31, 2025 4 Min Read
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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.

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