Overview

• Brazilian President Luiz Inacio Lula da Silva stated that any US tariffs on Brazilian goods would be met with reciprocal measures by Brazil.
• Lula emphasized the importance of a relationship based on mutual respect, criticizing US President Donald Trump’s protectionist policies and threats against Brazil and other nations.
• Trump has suggested imposing tariffs on BRICS countries, including Brazil, as part of his 'America First' agenda, citing economic harm to the US.
• Lula also criticized Trump's withdrawal from the Paris climate accord, calling it a setback, and highlighted Brazil’s upcoming role as host of the COP30 climate summit in November 2025.
• Experts warn that escalating tariffs could risk a trade war, potentially allowing economic rivals like China to strengthen their influence in South America.