Lula advocates for BRICS cooperation to mitigate tariff increases and promotes the exploration of new markets

President Luiz Inácio Lula da Silva stated on Wednesday that BRICS countries should engage in a joint discussion via video conference to assess how they can work together to “improve the situation” after being impacted by tariff increases. Lula emphasized the importance of cooperation and coordination among BRICS nations to address the challenges posed by escalating trade tensions. The President highlighted the need for a collective effort to navigate the current economic scenario. Lula’s comments come amid growing global concerns about trade conflicts and protectionist measures, particularly in light of recent trade disputes between the US and other major economies.