Tuesday, 02 January 2024 12:17 GMT

Brazilian leader to turn to WTO to defend its interests over fresh US tariffs


(MENAFN) Brazilian President Luiz Inacio Lula da Silva announced on Tuesday that his government will take all necessary steps, including turning to the World Trade Organization (WTO), to defend the country’s interests in response to newly imposed U.S. tariffs.

“In 2025, we will resort to all possible measures, starting with the WTO, to defend our interests,” Lula stated during a public event in Brasilia. He noted that even before the shift in the U.S. administration, his government had already been working to boost foreign trade and open up new opportunities for local industries.

Lula said he has no intention of calling U.S. President Donald Trump to address the tariff issue directly, explaining that his American counterpart “does not want to talk.” However, he revealed plans to reach out to Trump to extend an invitation to attend COP30—the upcoming United Nations climate conference scheduled for November in Belem, Para.

"You can be sure, I will call Trump to invite him to COP30 and find out his opinion on the climate issue. I will be kind enough to call him."

During a meeting of the Council for Sustainable Economic and Social Development at the presidential palace, Lula added, “it's because he doesn't want to, but it won't be for lack of education, friendliness, or democracy. I'll invite him!” if Trump chooses not to attend.

Starting this Friday, Brazilian exports entering the U.S. will be subject to a 50% tariff. While Lula has expressed openness to negotiating a resolution, he made it clear that any discussions must be conducted on equal footing and in a spirit of mutual respect. He reaffirmed Brazil’s commitment to protecting its sovereignty and economic interests.

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