Lula Criticizes Trump's Tariff Hike, Fears Global Economic Impact

Brazilian President Luiz Inacio Lula da Silva criticized US President Donald Trump's decision to impose tariffs, fearing negative impacts on global economies. Lula voiced concerns during a visit to Japan, urging multilateral collaboration. Japan, a key US ally, seeks tariff exemptions amidst escalating trade tensions worldwide.

In a pointed critique, Brazilian President Luiz Inacio Lula da Silva condemned US President Donald Trump's decision to impose 25% tariffs on car imports. Speaking in Japan, Lula highlighted concerns about the potential negative impact on global economies and free trade.

Japan's Prime Minister Shigeru Ishiba echoed Lula's sentiments, emphasizing his nation's desire for tariff exemptions given Japan's significant role as a car exporter. Amidst mounting trade tensions, both leaders stressed the need to fortify economic partnerships to mitigate the fallout.

As Canada, Mexico, China, and Europe gear up for possible retaliatory measures, Japan is actively seeking stronger ties with other nations. Meanwhile, Brazil contemplates lodging a complaint to the World Trade Organization and potentially imposing reciprocal tariffs to protect its trade interests.

(With inputs from agencies.)