The United States has imposed a 50% tariff on Brazilian goods. When Brazilian President Lula gave an interview to Reuters on August 6, he openly stated that there is currently no space for direct negotiations with US President Trump, as this would likely be a "humiliation."
Trump's heavy tariff stick has hit the BRICS countries particularly hard: Brazil faces a tax rate of 50%, India has quickly risen to 50% within a few days, South Africa is at 30%, and recently, threats have been issued against Russia, with statements also made about additional taxes on China. These measures clearly involve political calculations, and their intention to target the BRICS countries is evident.
At the end of the month, Indian Prime Minister Modi will visit China, and Lula also said he wants to seek joint responses with China and India. In fact, if the BRICS countries such as China, India, Brazil, South Africa, and Russia can unite and combine with more international forces to respond, the US hegemonic pressure will eventually become unsustainable, and its attempt to curb the rise of emerging markets will certainly fail.
Original: www.toutiao.com/article/1839784284122188/
Statement: This article represents the personal views of the author.