Brazilian President Lula da Silva denounced U.S. tariffs as ‘tariff blackmail’ during a BRICS meeting, citing a 50% import duty imposed by the U.S. and advocating for multilateralism.
External affairs minister S Jaishankar calls for protection of global trading system and reform of multilateralism during virtual Brics Summit address.
Brazilian President Luiz Inacio Lula da Silva denounced U.S. tariff measures as ‘tariff blackmail’ during a BRICS summit, threatening retaliatory actions.
India News: During a Brics meeting, S Jaishankar emphasized the need for a stable and predictable trade environment, addressing concerns over trade disruptions
Donald Trump said he was open to resetting ties with India after weeks of tension over New Delhi’s purchases of Russian energy
Analysis of BRICS and SCO expansion, economic initiatives, and internal challenges amid shifting global power dynamics.
After incendiary remarks strained ties with India, President Trump attempted damage control, affirming the “special relationship” despite disappointment over India’s Russian oil purchases, threatening a 50% tariff.
India News: External Affairs Minister S Jaishankar will represent India at the Brics virtual summit convened by Brazil, focusing on Trump’s tariffs and multilateralism.
US Commerce Secretary Howard Lutnick anticipates India will apologize and negotiate with President Trump, drawing parallels to Canada’s trade concessions.
