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Economic Times
7 days ago
- Business
- Economic Times
Not Trump, Brazilian President Lula da Silva says he will call PM Modi instead for trade talks
Synopsis Brazil's President Lula da Silva rejects direct talks with U.S. President Trump after a 50% tariff was imposed on Brazilian goods. Lula plans to engage with leaders like Xi Jinping and Modi, seeking recourse through the WTO. Despite tensions, Trump is invited to COP30, while Brazil remains open to tariff discussions through formal channels. PTI PM Narendra Modi with Brazil's Prez Luiz Inacio Lula da Silva, after receiving "The Grand Collar of the National Order of the Southern Cross'. South America's largest economy, Brazil, has been hit with a 50% tariff by the United States, prompting President Luiz Inácio Lula da Silva to declare he will not engage directly with his U.S. counterpart, Donald Trump. Instead, Lula announced that Brazil will seek recourse through the World Trade Organization (WTO) and other available channels to defend its trade interests. Lula prioritizes outreach to other leaders Rejecting Trump's offer to speak 'anytime,' Lula said the U.S. president 'does not want to talk.' He added, 'I will call Xi Jinping, I will call Prime Minister Modi, I won't call Putin, because he can't travel now, but I will call many Presidents.'Despite the diplomatic friction, Lula confirmed that Trump will still be invited to COP30, the United Nations climate conference scheduled for November in Belém, Pará. Tariff decision deepens bilateral strain Tensions between Washington and Rio de Janeiro have escalated since the U.S. imposed the additional 40% tariff, in addition to the existing 10%, on a range of Brazilian goods. The measure, according to Trump, aims to counter what he described as a 'witch hunt' against former Brazilian President Jair Bolsonaro, who faces charges of plotting a coup after his 2022 election loss. Exempted goods include civil aircraft and parts, aluminum, tin, wood pulp, energy products, and described the tariff action as 'the most regrettable' moment in the bilateral relationship. Speaking at an event in Brasília, he said Brazil was already pursuing efforts to boost foreign trade with partners including BRICS remains open to negotiationsWhile ruling out direct contact with Trump, Lula said Brazil remained open to tariff discussions through formal channels. 'In 2025, we will resort to all possible measures, starting with the WTO, to defend our interests,' he the White House, Trump told reporters that Lula was welcome to contact him at any time and noted his affection for the Brazilian people, though he said 'the people running Brazil did the wrong thing.' Brazilian Finance Minister Fernando Haddad later described Trump's remarks as 'great,' and said he believed Lula would be open to receiving a call from the U.S. president. According to the Office of the U.S. Trade Representative, U.S. goods and services trade with Brazil totaled an estimated $127.6 billion in 2024, with a goods trade surplus of $6.8 billion, and a services trade surplus of $23.1 billion.
Mint
09-07-2025
- Politics
- Mint
PM Modi receives traditional welcome at Namibia, tries his hand at playing local drums
Prime Minister Narendra Modi arrived in Windhoek, the capital of Namibia, on Wednesday morning (local time), marking his first-ever visit to the country and only the third-ever Prime Ministerial visit from India to Namibia. PM Modi is in Namibia for a State visit at the invitation of Namibian President Netumbo Nandi-Ndaitwah. Upon his arrival, the Prime Minister was accorded a ceremonial welcome at Hosea Kutako International Airport. In a statement, the Ministry of External Affairs (MEA) said, "In the final leg of his visit, at the invitation of the President of the Republic of Namibia, H.E. Dr. Netumbo Nandi-Ndaitwah, the Prime Minister will embark on a State Visit to Namibia on July 09, 2025. This will be the first visit of the Prime Minister to Namibia and the third-ever Prime Ministerial visit from India to Namibia." "During the visit, the Prime Minister will hold bilateral talks with President Nandi-Ndaitwah. The Prime Minister will also pay homage to the Founding Father and first President of Namibia, the Late Dr. Sam Nujoma. He is also expected to deliver an address at the Parliament of Namibia," the MEA said. "The visit of the Prime Minister is a reiteration of India's multi-faceted and deep-rooted historical ties with Namibia," it added. PM Modi arrived in Namibia after concluding his two-day State visit to Brazil, where he attended the 17th BRICS Summit in Rio de Janeiro and held bilateral talks with President Luiz Inacio Lula da Silva in Brasilia. PM Modi was on a State Visit to Brazil at the invitation of Brazilian President Luiz Inacio Lula da Silva. During his visit to Brazil, PM Modi held a meeting with President Lula and attended the BRICS Summit in Rio de Janeiro, where he also held bilateral meetings with several world leaders on the sidelines of the Summit. PM Modi thanked President Lula and the people of Brazil for their kindness throughout the visit. In a post on X, PM Modi stated, "I thank my good friend, President Lula, the Government and wonderful people of Brazil for their kindness through this visit. Over the last few days, I have attended the BRICS Summit in Rio de Janeiro and held bilateral talks with President Lula in Brasilia." PM Modi was also conferred Brazil's highest civilian honour, 'The Grand Collar of the National Order of the Southern Cross', by President Lula. Namibia is the final stop in the Prime Minister's five-nation tour, which also included visits to Ghana, Trinidad and Tobago, Argentina, and Brazil.
India Gazette
09-07-2025
- Politics
- India Gazette
PM Modi, Brazilian President discuss ways to deepen trade ties and diversify trade
Brasilia [Brazil], July 9 (ANI): Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva held a meeting at the Alvorada Palace on Tuesday (local time). During the meeting, the leaders discussed ways to deepen trade ties and diversify trade. PM Modi stated that he and President Lula agree that there is immense scope for such linkages to thrive in the coming times. In a post on X, PM Modi wrote, 'Held fruitful talks with President Lula, who has always been passionate about India-Brazil friendship. Our talks included ways to deepen trade ties and also diversify bilateral trade. We both agree that there is immense scope for such linkages to thrive in the coming times.' PM Modi noted that his meeting with President Lula will invigorate ties between India and Brazil. He stated that they have set a target of USD 20 billion over the coming five years. 'The bilateral meeting with my good friend President Lula will invigorate India-Brazil ties. We've set an ambitious trade target of USD 20 billion over the coming five years. This will boost economic linkages. Equally important were the discussions on strengthening people-to-people ties, especially through sports and tourism,' PM Modi posted on X. PM Modi thanked President Lula for conferring him with Brazil's highest civilian honour, 'The Grand Collar of the National Order of the Southern Cross.' 'I'm honoured to have been conferred 'The Grand Collar of the National Order of the Southern Cross.' Gratitude to President Lula, the Government and the people of Brazil. This illustrates the strong affection the people of Brazil have for the people of India. May our friendship scale even newer heights of success in the times to come,' PM Modi posted on X. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal stated that PM Modi thanked President Lula for his solidarity and support in the aftermath of the Pahalgam terrorist attack. 'PM @narendramodi met with President @LulaOficial of Brazil at the Alvorada Palace, Brazil. PM thanked President Lula for its solidarity & support in the aftermath of the Pahalgam terrorist attack,' Jaiswal stated on X. 'Both leaders held extensive discussions on India - Brazil multifaceted ties, including trade & investment, defence & security, health & pharmaceuticals, space, renewable energy, food & energy security, infrastructure development, digital public infrastructure, culture and people-to-people ties and explored avenues for collaboration in the new areas of critical minerals, new and emerging technologies, AI & supercomputers, digital collaboration & mobility. They set a bilateral trade target of USD 20 billion over the next five years. They also exchanged views on regional and global issues of mutual interest,' he added. Jaiswal stated that PM Modi thanked the Brazilian government and the people of Brazil for honouring him with Brazil's highest civilian honour, 'Grand Collar of the National Order of the Southern Cross.' 'A testament to the multifaceted India - Brazil Strategic Partnership. President @LulaOficial conferred on PM @narendramodi the 'Grand Collar of the National Order of the Southern Cross'- Brazil's highest honour. PM expressed his gratitude to the government & people of Brazil for this distinguished honour and dedicated the award to the 1.4 billion people of India and to the deep rooted India - Brazil friendship & the strong people-to-people ties between the two countries,' Jaiswal posted on X. PM Modi, who is on a State Visit to Brazil after participating in the BRICS Summit, received a warm ceremonial welcome at the Alvorada Palace in Brazil on Tuesday, where President Lula shared a warm hug with PM Modi. PM Modi was accorded a ceremonial guard of honour. The national anthems of India and Brazil were played at Alvorada Palace. (ANI)
Time of India
09-07-2025
- Business
- Time of India
PM Modi, Brazilian President discuss ways to deepen trade ties and diversify trade
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva held a meeting at the Alvorada Palace on Tuesday (local time). During the meeting, the leaders discussed ways to deepen trade ties and diversify trade. PM Modi stated that he and President Lula agree that there is immense scope for such linkages to thrive in the coming a post on X, PM Modi wrote, "Held fruitful talks with President Lula, who has always been passionate about India-Brazil friendship. Our talks included ways to deepen trade ties and also diversify bilateral trade. We both agree that there is immense scope for such linkages to thrive in the coming times." Modi noted that his meeting with President Lula will invigorate ties between India and Brazil. He stated that they have set a target of USD 20 billion over the coming five years."The bilateral meeting with my good friend President Lula will invigorate India-Brazil ties. We've set an ambitious trade target of USD 20 billion over the coming five years. This will boost economic linkages. Equally important were the discussions on strengthening people-to-people ties, especially through sports and tourism," PM Modi posted on Modi thanked President Lula for conferring him with Brazil's highest civilian honour, 'The Grand Collar of the National Order of the Southern Cross.'"I'm honoured to have been conferred 'The Grand Collar of the National Order of the Southern Cross.' Gratitude to President Lula, the Government and the people of Brazil. This illustrates the strong affection the people of Brazil have for the people of India. May our friendship scale even newer heights of success in the times to come," PM Modi posted on of External Affairs (MEA) spokesperson Randhir Jaiswal stated that PM Modi thanked President Lula for his solidarity and support in the aftermath of the Pahalgam terrorist attack "PM @narendramodi met with President @LulaOficial of Brazil at the Alvorada Palace, Brazil. PM thanked President Lula for its solidarity & support in the aftermath of the Pahalgam terrorist attack," Jaiswal stated on X."Both leaders held extensive discussions on India - Brazil multifaceted ties, including trade & investment, defence & security, health & pharmaceuticals, space, renewable energy, food & energy security, infrastructure development, digital public infrastructure, culture and people-to-people ties and explored avenues for collaboration in the new areas of critical minerals, new and emerging technologies, AI & supercomputers, digital collaboration & mobility. They set a bilateral trade target of USD 20 billion over the next five years. They also exchanged views on regional and global issues of mutual interest," he stated that PM Modi thanked the Brazilian government and the people of Brazil for honouring him with Brazil's highest civilian honour, 'Grand Collar of the National Order of the Southern Cross.'"A testament to the multifaceted India - Brazil Strategic Partnership. President @LulaOficial conferred on PM @narendramodi the 'Grand Collar of the National Order of the Southern Cross'- Brazil's highest honour. PM expressed his gratitude to the government & people of Brazil for this distinguished honour and dedicated the award to the 1.4 billion people of India and to the deep rooted India - Brazil friendship & the strong people-to-people ties between the two countries," Jaiswal posted on Modi, who is on a State Visit to Brazil after participating in the BRICS Summit , received a warm ceremonial welcome at the Alvorada Palace in Brazil on Tuesday, where President Lula shared a warm hug with PM Modi. PM Modi was accorded a ceremonial guard of honour. The national anthems of India and Brazil were played at Alvorada Palace.
Economic Times
09-07-2025
- Business
- Economic Times
PM Modi, Brazilian President discuss ways to deepen trade ties and diversify trade
Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva held a meeting at the Alvorada Palace on Tuesday (local time). During the meeting, the leaders discussed ways to deepen trade ties and diversify trade. PM Modi stated that he and President Lula agree that there is immense scope for such linkages to thrive in the coming times. In a post on X, PM Modi wrote, "Held fruitful talks with President Lula, who has always been passionate about India-Brazil friendship. Our talks included ways to deepen trade ties and also diversify bilateral trade. We both agree that there is immense scope for such linkages to thrive in the coming times." Modi noted that his meeting with President Lula will invigorate ties between India and Brazil. He stated that they have set a target of USD 20 billion over the coming five years. "The bilateral meeting with my good friend President Lula will invigorate India-Brazil ties. We've set an ambitious trade target of USD 20 billion over the coming five years. This will boost economic linkages. Equally important were the discussions on strengthening people-to-people ties, especially through sports and tourism," PM Modi posted on X. PM Modi thanked President Lula for conferring him with Brazil's highest civilian honour, 'The Grand Collar of the National Order of the Southern Cross.'"I'm honoured to have been conferred 'The Grand Collar of the National Order of the Southern Cross.' Gratitude to President Lula, the Government and the people of Brazil. This illustrates the strong affection the people of Brazil have for the people of India. May our friendship scale even newer heights of success in the times to come," PM Modi posted on X. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal stated that PM Modi thanked President Lula for his solidarity and support in the aftermath of the Pahalgam terrorist attack. "PM @narendramodi met with President @LulaOficial of Brazil at the Alvorada Palace, Brazil. PM thanked President Lula for its solidarity & support in the aftermath of the Pahalgam terrorist attack," Jaiswal stated on X. "Both leaders held extensive discussions on India - Brazil multifaceted ties, including trade & investment, defence & security, health & pharmaceuticals, space, renewable energy, food & energy security, infrastructure development, digital public infrastructure, culture and people-to-people ties and explored avenues for collaboration in the new areas of critical minerals, new and emerging technologies, AI & supercomputers, digital collaboration & mobility. They set a bilateral trade target of USD 20 billion over the next five years. They also exchanged views on regional and global issues of mutual interest," he added. stated that PM Modi thanked the Brazilian government and the people of Brazil for honouring him with Brazil's highest civilian honour, 'Grand Collar of the National Order of the Southern Cross.'"A testament to the multifaceted India - Brazil Strategic Partnership. President @LulaOficial conferred on PM @narendramodi the 'Grand Collar of the National Order of the Southern Cross'- Brazil's highest honour. PM expressed his gratitude to the government & people of Brazil for this distinguished honour and dedicated the award to the 1.4 billion people of India and to the deep rooted India - Brazil friendship & the strong people-to-people ties between the two countries," Jaiswal posted on X. PM Modi, who is on a State Visit to Brazil after participating in the BRICS Summit, received a warm ceremonial welcome at the Alvorada Palace in Brazil on Tuesday, where President Lula shared a warm hug with PM Modi. PM Modi was accorded a ceremonial guard of honour. The national anthems of India and Brazil were played at Alvorada Palace.
