On February 21st, Brazilian President Lula stated in an interview that if US President Trump imposes tariffs on Brazil, it will trigger Brazil’s reciprocal policy towards the United States, which could lead to an increase in global inflation rates. Lula said that although the United States is an important trading partner of Brazil, Brazil does not rely on the United States. The trade and diplomatic relations between the two countries are very balanced, and he hopes that Trump will stop his current protectionist policies.
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