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Investing.com -- Brazilian President Luiz Inacio Lula da Silva stated on Monday that trade and financial integration among BRICS nations serves as a buffer against protectionist policies.
"Tariff blackmail is being normalized as a tool for conquering markets and interfering in domestic issues," Lula said, according to remarks published by the Brazilian government. The president did not specifically mention the United States in his comments.
This statement follows Lula’s interview with Reuters in August, where he indicated he planned to discuss President Donald Trump’s tariffs with other members of the BRICS group, which includes Brazil, Russia, India, China, and South Africa, along with newer members.
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