(As expected, Trump's ridiculous tariff plan (raise more taxes from the American people to cover costs of giving trillions to Big Business and billionaires) is only succeeding in 1. making our economy scream and 2. driving other nations closer together in trade and their hatred of us. Promises made, promises kept.)
from PressTV
Indian Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva have spoken by phone regarding various issues, including the tariffs recently imposed by the United States on goods from both nations.
Lula confirmed a state visit to India in early 2026 during the call on Thursday, a day after the Brazilian leader told Reuters news agency he would initiate a conversation among the BRICS group of countries on addressing US President Donald Trump's tariff measures.
The group of major emerging economies also includes China, Russia and South Africa.
Lula's office confirmed that in the call, both leaders discussed the international economic situation and the unilateral tariffs affecting Brazil and India, which are among the nations most impacted by Trump's actions.
Trump recently imposed a 25% tariff on Indian goods, raising the total tariff to 50%, alleging that India continues to purchase Russian oil.
He also imposed similar tariffs on Brazil, affecting sectors including aircraft, energy, and orange juice.
During the conversation, Modi and Lula reiterated their goal of increasing bilateral trade to over $20 billion annually by 2030, up from approximately $12 billion last year.
They also agreed to enhance the scope of their preferential trade agreement and discussed virtual payment platforms to facilitate trade...
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