Brazilian President Luiz Inacio Lula da Silva has criticised the US’s new tariff regime, saying Washington’s attempt to reshape global trade under US President Donald Trump won’t work and violates the principles of multilateralism. Speaking at an event in Sao Paulo yesterday, Lula condemned what he called Washington’s unilateral approach to international trade. Lula added that Trump’s decision to impose reciprocal tariffs on other countries and regions ignores the reality of a multipolar world.
Since 2009, the US has been Brazil’s second-largest trading partner behind China. The Trump administration raised import tariffs on Brazilian goods, including a 10 per cent tariff on a broad range of products, following earlier hikes on steel and aluminum.
