Feb 22 β€’ 05:52 UTC πŸ‡§πŸ‡· Brazil G1 (PT)

After the Supreme Court strikes down Trump's tariff hike, Lula says Brazil acted correctly by being 'cautious' in dealing with the rates

Brazilian President Lula da Silva believes the country made the right choice in being cautious regarding President Trump's tariff increases, following a recent Supreme Court ruling that struck down those tariffs.

In a press conference in India, Brazilian President Luiz InΓ‘cio Lula da Silva expressed his belief that Brazil acted correctly by showing caution in response to U.S. President Donald Trump's tariffs. Lula noted that recent legal decisions in the United States have indicated that Trump's tariff increases were unjustified and that Brazil had made decisions aligned with these changes. He emphasized that Brazil's measured approach was appropriate under the circumstances, especially given the evolving legal landscape in the U.S.

Lula highlighted the significance of the U.S. Supreme Court's ruling, which found that Trump overstepped his authority in imposing substantial tariffs on imports from nearly all U.S. trading partners. This decision reflects a broader pushback against unilateral trade measures that can create tensions in international relations. Lula's comments suggest that Brazil is keen on maintaining a stable and equitable trade environment, particularly in its dealings with major powers like the U.S.

Lula concluded by calling for fair treatment from Trump towards all countries following the Supreme Court's decision. His remarks underline Brazil's intent to foster respectful and equal trade relationships, signaling a departure from the more aggressive trade tactics that characterized previous U.S. administrations under Trump. This situation highlights the ongoing complexities of international trade dynamics and the critical role of legal rulings in shaping them.

πŸ“‘ Similar Coverage