Alckmin responding to ANI's query on the positioning of India and Brazil as different markets for one another amid tariffs by the US, mentioned that each the international locations are democracies, and they don't seem to be opponents.
“We're not going to compete on product, we're going to have financial complementarity,” he mentioned.
Alckmin additional mentioned that each the international locations have potential to develop, and that impartial of US tariffs, each nations have funding alternatives.
He mentioned, “Impartial of the American query, we're speaking about two international locations, two democracies, two international locations that defend multilateralism, two international locations of continental dimensions, each Brazil and India, which have every little thing to make commerce develop, to make extra investments develop. India is likely one of the fastest-growing international locations on the earth, 7%, much more, within the development of its financial system. Brazil this 12 months is having an agricultural harvest that's 16% superior, so there may be loads of risk for complementarity: within the space of expertise, industrial space, mining, agro… We're not going to compete on product, we're going to have financial complementarity.”
In August, US President Donald Trump imposed a 50 per cent tariff on a number of Brazilian items, which already had a 26.4 per cent levy. Trump's tariffs on India are as much as 50% on most exports, among the many highest for any US buying and selling accomplice.Alckmin additionally emphasised that BRICS is just not in opposition to any nation and reaffirmed the grouping's dedication to multilateralism and free commerce, amid latest criticism from US President Donald Trump.Trump had on Wednesday labelled BRICS as “an assault on the greenback” throughout a bilateral lunch with Argentine President Javier Milei on the White Home. “I am highly effective on the greenback, and anyone that wishes to deal in {dollars}, they've a bonus over folks that are not,” Trump mentioned.
