Brazilian President Luiz Inácio Lula da Silva hit back on Monday at recent threats from U.S. President Donald Trump to impose tariffs on countries that align themselves with BRICS.

Brazilian President Luiz Inacio Lula da Silva said on Monday (July 7) it was "irresponsible" for U.S. President Donald Trump to threaten countries with tariffs on social media, adding that other nations have the right to reciprocate.

Brazil’s President Lula said global trade should not rely only on the US dollar and urged the need for alternative systems to reduce dependence on it.