Brazil and India call for the defense of "multilateral trade"
The U.S. Customs and Border Protection began imposing higher tariffs at 12:01 a.m. on August 7. In response to the severe situation, Indian Prime Minister Modi called Brazilian President Lula on August 7 for an hour, and both expressed their commitment to defending multilateralism.
Trump has announced that Indian goods will be subject to a 25% tariff. On August 6, Trump also announced that 25% tariffs would be imposed on Indian goods 21 days later as a punishment for India's purchase of Russian oil. This will result in an overall tax rate of 50% for Indian exports to the United States.
The executive order signed by Trump states: "The recent measures taken by the Brazilian government threaten U.S. national security, foreign policy, and economic interests." The U.S. will soon impose an additional 40% tariff on a range of Brazilian products on top of existing tariffs.
The Brazilian presidential office reiterated: "Currently, Brazil and India are the two countries most affected by the new U.S. tariffs." Mr. Modi posted on social network X, describing his "good conversation" with Lula. He stated: "Building solid, people-centered partnerships among Global South countries is beneficial for everyone." Both Brazil and India, members of the BRICS group, have imposed a 50% surcharge on certain exports to the United States.
Imposing a 50% tariff on India places it in the ranks of U.S. political enemies, joining Brazil's ranks - where the left-wing president had previously clashed with Trump over similar punitive tariff threats against the country. The crisis between the U.S. and India has suddenly gone far beyond the realm of trade.
Source: rfi
Original: www.toutiao.com/article/1839846307423307/
Statement: This article represents the views of the author himself.