Trump’s Trade War Unites Lula and Modi in a Hunt for New Markets

Two of the emerging-market giants hardest hit by President Donald Trump’s trade wars are deepening their ties in response, betting that a united front will help them endure the US broadsides and find new markets to skirt tariffs.

Government officials and business executives from Brazil and India are converging this week in New Delhi, seeking to forge new relationships and triple the countries’ $12 billion trade partnership as economists warn that Trump’s policies could shave about one percentage point from the countries’ economic growth. The Brazilian delegation is likely to discuss potential partnerships with Indian business leaders in areas ...