Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BRASILIA, Aug. 6 (Xinhua) — Brazil will respond to the sharp tariff hike by the United States with a contingency plan and appeal to the World Trade Organization (WTO), President Luiz Inacio Lula da Silva said Tuesday.
At a meeting of the Council for Sustainable Social and Economic Development held in Brazil, the president called the US move “unfair” and emphasized Brazil’s progress on the international stage.
"The government makes a promise to the people of Brazil. We will implement an emergency plan to mitigate this unjust attack and alleviate its economic and social damage," said L.I. Lula da Silva.
“We will defend Brazilian workers and companies affected by these measures and will resort to all available mechanisms, including the WTO, in the name of our interests,” the president told business leaders, labor unions, agricultural representatives and members of civil society.
Brazil continues negotiations, he said, noting that talks with US authorities have been ongoing since March.
Brazil will formally announce its response to the tariff hikes on August 18, when its Foreign Ministry files a WTO challenge to the measure taken by the United States. –0–
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