Lula Rules Out Reciprocal Tariffs on US in Reuters Interview

Brazil will not target the US with reciprocal tariffs in response to the 50% trade levies Donald Trump placed on its goods, President Luiz Inacio Lula da Silva told Reuters in an interview.

Instead, Lula said he will seek out other members of the BRICS bloc of emerging market nations — including India and China — to gauge their interest in a joint response to the tariffs, according to the report.

He is planning to call India Prime Minister Narendra Modi, whose nation is also facing increased trade levies from Trump, to talk about tariffs on Thursday, a government ...