Brazil Seeks New Trade Partners Amid US Tariffs

According to the International Desk of Webangah News Agency, Brazilian President Luiz Inácio Lula da Silva has announced that the country is shifting its focus to find new trade partners in reaction to tariffs imposed by the United States.

Speaking at a press conference in Manila, Lula stated, “Instead of crying or begging the U.S. government for mercy for Brazil, we decided to find other partners so we can sell them goods and buy from them.”

He added that the U.S. share of Brazil’s foreign trade has decreased to 9.2 percent. In contrast, trade with China has increased by nearly 20 percent, with Indonesia by 15 percent, with Germany by 15.8 percent, and with Vietnam by 13 percent. Furthermore, Brazil’s trade with 50 other countries has seen an average growth of 10.5 percent.

The Brazilian president also revealed that his country intends to become a permanent partner of the Association of Southeast Asian Nations (ASEAN). The objective of this move is to reduce dependence on any single country by doubling trade exchanges with the member states of this association.