Luiz Inacio Lula da Silva, the president of Brazil, announced that his country “would reciprocate with analogous commercial moves” after the announcement of the American President Donald Trump, that he would raise customs on Brazilian aluminum. “We'll make a protest in the World Trade Organization,” Lula added on Friday.
– Our reaction will have a commercial character, as well as we will submit a protest in the World Trade Organization – announced the President of Brazil Luiz Inacio Lula Da Silva in an interview, which he gave to a group of Brazilian radio station journalists.
Lula, the president of the state who is one of the greatest economic powers of the region, emphasizing “the extraordinary importance of the United States as the world power and the model of democracy for the world”, he expressed the hope that they would “also respect” his country.
Lula da SilvaAndre Borges/EPA/PAP
New customs tariffs
Donald Trump signed a regulation on Monday on the introduction of 25 % duties on imported aluminum and steel regardless of the country of origin. At the same time, the US President pointed out that they will apply “without exceptions and exclusions” and will cover “all countries”. The new customs tariffs are to come into force on March 12.
Brazil is one of the countries that will suffer the greatest losses in this respect.
The President of Brazil Lula Da Silva said: – Trump cannot do everything he likes, because in the case of actions that reconcile the interests of other countries he will always react.
Source of the main photo: Jason Andrew/PAP/EPA