The Brazilian government has called for a virtual meeting of BRICS leaders on November 8 amidst the escalating trade tensions caused by Trump’s tariff policies. Officials are cautious about issuing a joint statement directly challenging Trump but intend to use the summit as an opportunity to respond to the surtax imposed by the US.
In the program “I won’t get annoyed alone,” the columnist discusses the economic impacts of tariffs in the US and Trump’s interference in the Fed. The Brazilian government aims to address the threats posed by US tariffs, interest rates, and political influence, as highlighted by the ‘Duchess of Tax.’ The summit represents a crucial moment for BRICS countries to discuss strategies to counter the negative effects of Trump’s policies.
While the Brazilian government remains skeptical about engaging in a direct confrontation with Trump, they recognize the importance of collectively responding to the challenges posed by US tariffs. The summit will serve as a platform to strengthen cooperation among BRICS nations and devise effective measures to minimize the impact of the tariff war initiated by the US administration.
Brazilian officials believe that the current economic scenario necessitates a united front against protectionist measures and unilateral actions that undermine global trade. By convening the virtual meeting, Brazil aims to demonstrate solidarity with other BRICS members and convey a message of resilience in the face of external pressures, such as Trump’s tariff policy.
The meeting of BRICS leaders on November 8 will provide an opportunity for Brazil and other member countries to coordinate their responses to the challenges posed by Trump’s trade policies. Despite the skepticism surrounding the effectiveness of a joint statement against Trump, the Brazilian government is committed to utilizing the summit as a platform to address the ongoing tariff dispute and advocate for fair trade practices.
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