
Brazilian envoy in India says Trump tariffs an opportunity to do more business with trusted partners
"We suffer the imposition of unexpected high tariffs. we (are) seeing the tariffs imposed on our country as a challenge, but also an opportunity to look for trusted partners and to do more business," the Brazilian envoy told ANI.
Productivity Tool
Zero to Hero in Microsoft Excel: Complete Excel guide
By Metla Sudha Sekhar
View Program
Finance
Introduction to Technical Analysis & Candlestick Theory
By Dinesh Nagpal
View Program
Finance
Financial Literacy i e Lets Crack the Billionaire Code
By CA Rahul Gupta
View Program
Digital Marketing
Digital Marketing Masterclass by Neil Patel
By Neil Patel
View Program
Finance
Technical Analysis Demystified- A Complete Guide to Trading
By Kunal Patel
View Program
Productivity Tool
Excel Essentials to Expert: Your Complete Guide
By Study at home
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
Regarding how they will deal with
Trump tariffs
, the envoy stated that Brazil is open to negotiating deals, though within the limits of its sovereignty.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
SRM Online MBA | India's top ranked institute
SRM Online
Learn More
Undo
Brazil and India both face 50 per cent tariffs from the President
Donald Trump
administration.
The Brazilian envoy also described as "fruitful" the latest telephonic conversation between Prime Minister
Narendra Modi
and President Luiz Inacio Lula da Silva.
Live Events
"I think it was a very, very fruitful conversation, because the focus what we are trusted partners. We have had long relations, (and we are looking at) what we can do more together," the envoy said.
Prime Minister Modi received a telephone call on August 7, 2025, from the President of Brazil.
Prime Minister recalled his visit to Brazil last month during which the two leaders agreed on a framework to strengthen cooperation in trade, technology, energy, defence, agriculture, health and people-to-people ties. Building on these discussions, they reiterated their commitment to take the
India-Brazil Strategic Partnership
to new heights.
The two leaders exchanged views on various regional and global issues of mutual interest. The two leaders agreed to remain in touch.
Meanwhile, over the past few months, India and the US have been negotiating for an interim trade deal, but there were some reservations from the Indian side on the US demand for opening up the agricultural and dairy sectors for the US. Agriculture and dairy are critical for India as these two sectors provide livelihood opportunities to a large section of its people.
President Trump announced the imposition of a total 50 per cent tariffs on Indian goods, even as there were hopes of an interim India-US trade deal that would have otherwise helped avoid elevated tariffs.
India and the US initiated talks for a just, balanced, and mutually beneficial Bilateral Trade Agreement (BTA) in March this year, aiming to complete the first stage of the Agreement by October-November 2025.
On April 2, 2025, President Trump signed an executive order for reciprocal tariffs on various trade partners, imposing varied tariffs in the range of 10-50 per cent.
He subsequently kept the tariffs in abeyance for 90 days, while imposing a 10 per cent baseline
tariff
. The deadline was to end on July 9, and the US administration later pushed it ahead to August 1.
US President Donald Trump has imposed reciprocal tariffs on dozens of countries with which the US has a
trade deficit
. Since assuming office for his second term, President Trump has reiterated his stance on tariff reciprocity, emphasising that the United States will match tariffs imposed by other countries, including India, to "ensure fair trade".
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
8 minutes ago
- Time of India
Breaking news live updates, August 12: Rahul Gandhi lauds INDA bloc MPs for support in 'movement against vote theft'
00:17 (IST) Aug 12 US stocks are drifting around their record heights on Monday as Wall Street waits for an upcoming update on inflation. The S&P 500 fell 0.1% and is just below its all-time high set two weeks ago. The Dow Jones Industrial Average was down 171 points, or 0.4%, as of 2:30 p.m. Eastern time, and the Nasdaq composite fell 0.1%, coming off its own record. The highlight of this week for Wall Street is likely to arrive on Tuesday, when the government will report how bad inflation was across the country in July. Economists expect it to show U.S. consumers had to pay prices for groceries, gasoline and other costs of living that were 2.8% higher in July from a year earlier, a slight acceleration from June's 2.7% inflation. Inflation has remained above 2%, even if it has improved substantially from its peak above 9% three years ago. And the worry is that President Donald Trump's tariffs could push it higher. That in turn is raising fears about a potential, worst-case scenario called 'stagflation' where the economy stagnates but inflation remains high. The Federal Reserve has no good tool to fix both at once, and it would need to concentrate on either the job market or inflation first. But helping one of those areas by moving interest rates would likely hurt the other. A top Fed official, Michelle Bowman, said on Saturday that she believes the job market is the bigger concern. She is still backing three cuts to interest rates by the Fed this year following this month's stunning, weaker-than-expected report on the U.S. job market. Trump himself has also been angrily calling for cuts to interest rates to support the economy. Other Fed officials, led by Chair Jerome Powell, are more hesitant. Powell has said he wants to wait for more data about how Trump's tariffs are affecting inflation before the Fed makes its next move, and Tuesday's update on the consumer price index may offer a big clue about that. Strategists at Stifel are warning that stagflation may already be on the way, with spending by U.S. consumers slowing, and they warn that it could cause the U.S. economy to slow to a crawl by the second half of the year. That in turn could create a reckoning for investors after they sent stock prices soaring to records from their low point in April. 'Rate cuts cannot save an overvalued S&P 500,' according to the strategists, led by Thomas Carroll and Barry Bannister. One way companies can make their stock prices appear less expensive is to deliver bigger profits. Micron Technology climbed 3% Monday after raising its forecasts for profit and revenue in the current quarter, which will end later this month. The maker of memory for computers said it's benefiting from higher prices for its products. AMC Entertainment rose 2.9% to shave its loss for the year so far, which came into the day at 26.4% after it reported better results for the spring than analysts expected. The theater chain said moviegoers paid more for their tickets per person than ever before, while also spending more on food and drinks. TKO Group Holdings climbed 8.2% after reaching a deal to distribute the full slate of its 13 marquee UFC numbered events, along with 30 'Fight Nights' on the Paramount+ streaming platform. Paramount Skydance's stock fell 1.6%. Nvidia and Advanced Micro Devices advanced after a U.S. government official confirmed that the two agreed to share 15% of their revenues from chip sales to China with the U.S. government. The two had said in July that Washington would allow them to resume sales of their advanced H20 and MI308 chips, which are used in artificial intelligence development, in China but didn't reveal the 15% cut. Nvidia added 0.2%, and AMD climbed 0.7%. On the losing side of Wall Street was after the AI application software company warned it may report an operating loss as large as $124.9 million for its first quarter. CEO Thomas Siebel called the first-quarter sales results 'completely unacceptable,' and its stock tumbled 25%. In stock markets abroad, indexes were mixed amid mostly modest movements across Europe and Asia. In the bond market, the yield on the 10-year Treasury held at 4.27%, where it was late Friday.
&w=3840&q=100)

First Post
8 minutes ago
- First Post
'We'll see what happens': Trump dodges question on extending August 12 China tariff deadline
US President Donald Trump on Monday dodged a question about whether he would extend the August 12 deadline for imposing higher tariffs on Chinese goods, saying 'we'll see what happens' read more US President Donald Trump on Monday dodged a question about whether he would extend the August 12 deadline for imposing higher tariffs on Chinese goods, saying 'we'll see what happens,' while praising China for its cooperation in ongoing trade talks with the US. 'We've been dealing very nicely with China. As you have probably heard, they have tremendous tariffs that they're paying to the United States of America,' Reuters quoted Trump as saying at a news conference at the White House. STORY CONTINUES BELOW THIS AD 'They've been dealing quite nicely,' he said, adding that he had a good relationship with Chinese President Xi Jinping. A tariff truce between the US and China is set to expire on August 12, though the Trump administration has signaled the deadline could be extended. More from World PM Modi to visit China: Why the trip matters amid Trump's steep tariffs on India Without an extension, US tariffs on Chinese goods are expected to surge to 145%, while Chinese tariffs on American products could reach 125%. The two countries agreed to a 90-day pause in their trade dispute during talks in Geneva this May, allowing time for further negotiations. A follow-up meeting in Stockholm in late July ended without any announcement on extending the truce. US Treasury Secretary Scott Bessent said Washington is making progress and expressed optimism about reaching a deal with Beijing. With the clock ticking, Trump on Sunday night called on China to quadruple its purchases of American soybeans and noted that doing so would help reduce America's trade deficit with China. 'China is worried about its shortage of soybeans,' Trump wrote on Truth Social in a message directed to Xi Jinping, China's leader. 'Our great farmers produce the most robust soybeans,' he added. With inputs from agencies


News18
8 minutes ago
- News18
US Supreme Court Urged To Revisit 2015 Ruling Legalising Same-Sex Marriage
Curated By : Last Updated: August 12, 2025, 00:39 IST It remains uncertain whether the Supreme Court will take up the case (Pexels/Representative Image) The US Supreme Court legalised same-sex marriage in 2015 following its landmark ruling in Obergefell v. Hodges. Now, nearly a decade after that historic decision, the nation's highest court is being urged to revisit the ruling. Kim Davis, a former county clerk from Kentucky, has submitted a petition asking the Court to consider granting her protection from personal liability under the Free Exercise Clause of the First Amendment, reported ABC . Davis made national headlines in 2015 when she was jailed for six days after refusing to issue marriage licenses to same-sex couples, citing her religious beliefs. At the time, she was the only official authorised under Kentucky law to issue marriage licenses in Rowan County. When she denied a marriage certificate to David Ermold and David Moore, a lower court ordered her to pay $100,000 in damages for infringing on their constitutional rights. Recommended Stories In her recent appeal to the Supreme Court, Davis is contesting the $100,000 jury verdict and is also seeking $260,000 in emotional damages and attorneys' fees. Her claims had previously been dismissed by lower courts. A federal appeals court panel earlier this year ruled against her, stating that the former clerk 'cannot raise the First Amendment as a defence because she is being held liable for state action, which the First Amendment does not protect." It remains uncertain whether the Supreme Court will take up the case. The justices are expected to consider if they will take the matter during a private conference at the end of September. Should the Court agree to hear the case, oral arguments would likely take place in the spring of 2026, with a final decision anticipated by the end of June. 'I'm hoping that we'll obviously get justice in this case for Kim Davis but that the religious accommodation that she obtained for all clerks," said Matt Staver, Davis' legal representative, in a statement to Scripps News . View All "Dragging Out War" Zelensky Eyes "Stronger Global Pressure" on Russia Ahead of Trump-Putin Meet Donald Trump Will Try To Get Back Territory For Ukraine In "Feel-out Meeting" With Putin In Alaska North Korea Slams US-South Korea Drills; Lukashenko Admits Kim's Troops Took Part in Ukraine War |4K Air India Crash Victims' Families Demand Immediate Release Of Flight Recorders, Hire Us based Lawyer "Road To Misery" IRGC Slams Trump-Backed Zangezur corridor, Iran to Hold Meet with Armenia | 4K View all Meanwhile, William Powell, attorney for David Ermold and David Moore, expressed confidence in the current legal outcome. In a statement to ABC , he noted, 'Not a single judge on the US Court of Appeals showed any interest in Davis' rehearing petition, and we are confident the Supreme Court will likewise agree that her arguments do not merit further attention." In her petition, Davis further argues that the Court should treat the issue of same-sex marriage similarly to how it addressed abortion in its 2022 ruling that overturned Roe v. Wade. This is the first time that someone has challenged the same-sex marriage ruling after it was announced in 2015. News world US Supreme Court Urged To Revisit 2015 Ruling Legalising Same-Sex Marriage Read More