Brazilian President Luiz Inácio Lula da Silva said on Thursday he discussed the “imposition of unilateral tariffs" during a phone call with Prime Minister Narendra Modi, signalling concerted efforts at pushing back against US President Donald Trump’s strong-arm levies that have rattled the global economy.
The two BRICS members, both hit with 50% tariffs—the highest rate Trump has announced, discussed the holding of a Brazilian state visit to India early next year and also recalled the goal of increasing bilateral trade to over $20 billion by 2030, Lula said in an X post.
PM Modi, for his part, stressed that the two sides were committed to deepening their partnership.
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