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Luiz Eneasio Lula Da Silva raised the issue of tariff pressure of America at the BRICS meeting, stated the impact on countries including Brazil India and insisted on increasing mutual cooperation.
Prime Minister Narendra Modi with Brazilian President Lula. (Photo x/@narendramodi)Lula said that the tariff being imposed by the US has affected the economy of countries like Brazil and India. Brazil has been imposed up to 50% tariffs, which is due to political reasons against former President Zayar Bolsonaro. At the same time, the tariff has been doubled on India as it is buying oil from Russia. Lula said that BRICS countries should work together to deal with external pressures and make mutual trade easier. He also said that unilateral sanctions being imposed by many countries are becoming a threat to global trade.
Who was involved
During this time, leaders of Brazil, Russia, India, China, South Africa, Egypt, Indonesia, Iran, UAE and Ethiopia attended the virtual meeting of BRICS. There was a discussion in the meeting to increase business, economic cooperation, mutual support and solidarity. Lula had also said earlier that he would raise the issue of tariffs imposed by Trump in BRICS. They believe that if these countries come together, economic pressures can be avoided and the voice of developing countries can be strengthened. Overall, Lula’s message is clear – BRICS countries will have to increase mutual cooperation to deal with increasing tariffs in the world. This is not just a question of business, but also a matter of economic security and political solidarity.
Understand this in 5 points
- BRICS countries should come together: Lula is saying that countries like Brazil, India, Russia, China, South Africa should cooperate more in business and money cases so that external pressures can be avoided.
- Tariff means tax problem: Large countries like America are putting pressure on other countries by increasing tax. This is harming economies like Brazil and India.
- Tariff blackmail problem: Lula said that tax is now being used not to increase business, but to capture markets and interfering in the policies of other countries.
- Politics is also included: The tax on Brazil was increased because there is tension in the politics there, while India was imposed tariffs due to buying oil from Russia. That is, there are political reasons behind business.
- Need to unite and find a solution: Lula says that if BRICS countries come together, they can help mutual, make business easier and can protect their economy from the pressure of outside countries.
Mr. Gyanendra Kumar Mishra is associated with Hindi.news18.com. Working on the home page. He has a 20 -year rich experience in journalism. He started his career with Amar Ujala and then ‘Hindustan Times Group …Read more
Mr. Gyanendra Kumar Mishra is associated with Hindi.news18.com. Working on the home page. He has a 20 -year rich experience in journalism. He started his career with Amar Ujala and then ‘Hindustan Times Group … Read more
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