Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva have pledged to jointly defend multilateralism in the wake of Trump’s unilateral tariffs that hit both countries.
On Wednesday, US President Donald Trump raised India’s import tariffs to 50% by imposing an additional 25% levy on its goods — matching the rate already applied to Brazilian exports.
Brazil and India Unite Against Trump’s Unilateral Tariffs
In a post on X, Lula stated, “We discussed the global economic situation and the impact of unilateral tariffs. Brazil and India are currently the most affected nations. We reaffirmed the importance of defending multilateralism, tackling the challenges of this moment, and exploring new avenues for deeper cooperation between our countries.”
ALSO READ| PM Modi Sets $20 Billion Trade Target with Brazil by 2030
The Brazilian leader revealed that his one-hour conversation with PM Modi revisited key agreements from Modi’s state visit to Brazil in July. Lula also confirmed his own state visit to India in early 2026, preceded by a visit from Brazil’s Vice-President Geraldo Alckmin in October for the Trade Monitoring Mechanism meeting. The upcoming delegation will include ministers and business leaders focusing on trade, defense, energy, critical minerals, health, and digital inclusion.
Global Reactions Intensify Over Trump’s Unilateral Tariffs
Both nations aim to push bilateral trade beyond USD 20 billion by 2030, expand the MERCOSUR-India agreement, and integrate digital payment platforms like Brazil’s PIX and India’s UPI. They also discussed BRICS cooperation and the upcoming Indian presidency of the bloc.
Earlier, Trump had justified the 50% tariff on Brazil as a measure to fix an “unfair” trade imbalance, criticizing Brazil’s treatment of former President Jair Bolsonaro as a “witch hunt” and an “international disgrace.” Lula responded firmly, saying Brazil would not take orders from a “gringo” and would proceed with regulating and taxing US tech giants accused of spreading violence and misinformation.
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