A day after talking to Prime Minister Narendra Modi, Russian President Vladimir Putin called Brazil President Lula de Silva. According to Kremlin’s statement, the two leaders reiterated their resolve to further strengthen strategic partnership and coordination within the BRICS. According to the Brazilian President’s Office, the call took place on Putin’s initiative and it also discussed not only BRICS but also Brazil-Russia Cooperation with Ukraine, America and recent tariff policies.

A day earlier, President Lula called Prime Minister Modi. The two leaders emphasized the target of exceeding $ 20 billion to bilateral trade by 2030. Along with this, cooperation in areas like energy, agriculture and technology was also discussed. India-Brazil relations, especially on multilateral forums like BRICS and G20, have become rapidly strengthened in recent years.

What will be the effect of Trump’s tariff on BRICS?

US President Donald Trump has recently imposed high tariffs on both India and Brazil. America has imposed 50% tariff on India. Due to buying oil from Russia, US President Donald Trump imposed a high fee on Brazil, which is seen in the context of Republican pressure related to the trial against former President Bolsonaro in Brazil. These tariffs highlight the need for a collective response to the BRICS countries, although Lula has clarified that Brazil will not impose tariffs on America alone.

Brazilian strategic reaction

Responding to Trump’s tariff, Brazil has intensified efforts to increase trade with partners like China, India and South-East Asia. Although Brazilian oil producers have been relieved from American tariffs, concerns have increased about Brazil’s dependence on Russian diesel after applying additional tariffs on India.

What steps will Brazil take about tariff?

The recent dialogue between Lula, Putin and Modi indicates that BRICS countries can formulate a joint strategy against the American tariff. Although no official joint statement has been issued yet, the process of dialogue shows that this issue will be a major agenda in the upcoming BRICS conferences.

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