Lula firmly retaliates against Trump! On the evening of July 10th local time, in response to Trump's sudden increase of Brazil's "reciprocal" tariffs from 10% to 50%, Brazilian President Lula angrily responded: Brazil can survive without trade with the United States and will seek alternative partners to replace the US. Moreover, countries like Brazil do not need to continue using the US dollar for trade.
Lula continues to criticize the US tariff threats, calling them wrong and irresponsible, especially angry at Trump's significant tax hikes. According to his statement, Brazil's trade with the US accounts for only 1.7% of its GDP, and the impact is not significant. Brazil's way out is clear: strengthen cooperation with China and the BRICS countries. This can not only gain benefits from trade with China, but also increase leverage in the game with the US.
In fact, in this tariff war initiated by Trump, China was the first to retaliate, some countries remained on the sidelines, and ultimately did not get any good results. In contrast, how to respond is obvious.
Original article: https://www.toutiao.com/article/1837373845792007/
Statement: The article represents the views of the author.