The tariff war initiated by Donald Trump has spurred countries worldwide, including India and Brazil, to seek new trade partnerships. Recent visits by India's Prime Minister and Indonesia's leader to Brazil, amidst participation in the BRICS summit, reflect this interest. President Lula decried Trump's threats regarding tariffs on nations engaging with BRICS, affirming the importance of collaboration among Global South nations. He noted the underwhelming trade level of $12 billion between India and Brazil, despite 80 years of diplomatic connections, indicating significant potential for growth in their bilateral relationship.
The bilateral relationship between India and Brazil has enormous growth potential, with current trade exchange at just $12 billion despite 80 years of diplomatic relations.
Brazilian President Luiz Inacio Lula da Silva emphasized that countries of the Global South will not be intimidated by potential tariffs from the United States.
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