Brazilian President: Brazil Begins Seeking Alternative Trade Partners Amid U.S. Tariffs
Brazilian President Lula stated that, following the imposition of tariffs by the United States, Brazil has begun seeking new trade partners, with trade volumes with China increasing nearly 20% and with Indonesia rising 15%.
Speaking at a press conference in Manila, Lula said: "We did not appeal to the U.S. government or beg for leniency toward Brazil; instead, we chose to seek out other partners with whom we can conduct business."
He noted that the share of U.S. trade in Brazil’s total foreign trade has declined to 9.2%. Meanwhile, trade with Germany grew by 15.8%, with Vietnam by 13%, and with another 50 countries on average by 10.5%.
Lula added that Brazil aims to double its trade volume with members of the Association of Southeast Asian Nations (ASEAN).
"We aim to become a permanent partner of ASEAN, with the goal of doubling such trade—both exports and imports—so as not to rely on any single country," he said.
Original source: toutiao.com/article/1881918098382980/
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