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Lula Plans BRICS Leaders’ Call on U.S. Tariffs Next Week

Brazil aims to rally support for multilateral trade rules without turning the discussion into an anti-U.S. summit.

Overview

  • The virtual meeting is targeted for Monday and has not been publicly announced, according to people familiar with the plan.
  • The U.S. has applied 50% tariffs on many Brazilian imports while exempting hundreds of goods such as airplanes and orange juice.
  • Different tariff levels across BRICS countries are making a unified statement harder to craft, Brazilian officials said.
  • Bolsonaro’s trial in Brazil’s top court starts Tuesday, and the government expects President Trump to intensify his attacks as proceedings begin.
  • The U.S. has revoked visas for Supreme Court justices and sanctioned the judge overseeing the Bolsonaro case, and recent XiModiPutin contacts could help BRICS harden its stance.