(Bloomberg)-Finance Minister Brazil Fernando Haddad said in a local television interview on Monday that a long-sought meeting with US Finance Scott Bessnt was canceled and was not overwhelmed.
Haddad said he tried to set another time for a virtual assembly with a bessnt that was to take place this week, but was not successful. He added that Brazil trade is not the central point of the US government.
The abolition represents the latest failure in a relationship that has been rapidly sour from the time when the US government took 50% of the Brazilian goods at the beginning of this month. These trade barriers are part of the pressure campaign to force the Supreme Court of the country to cancel an attempt to a coup against the former head of Jair Bolsonaro, who is the ally of Donald Trump.
Haddad has made efforts to negotiate with the US and expressed hope that interviews with Bessnt will lead to other breakthroughs after Trump’s administration liberated nearly 700 products from higher fees that came into force last week.
However, Brazilian Finance Minister suggested that Bolsonaro supporters play a role in meeting meetings with Bessnt.
“The official reason was” lack of availability, “Haddad said, describing the explanation as” unusual “. He noted that the Ministry of Finance exceeds the problem.
Brazilian President Luiz Lula Da Silva said last week that he wanted to see stamps that the US is willing to negotiate in a way that his nation considers the same partner to call Trump to discuss tariffs. Haddad repeated this point during the conversation and said Lula had not closed the door on the phone call with Trump.
Officials of the Ministry of Finance with a meeting with Lula and vice -president Gerald Alckmin later on Monday to complete the plan to soften economic wounds from American tariffs, Haddad said. Measures that focus on taxes, financial lines and government purchases must be flexible, he said.
The main concern of Haddad is the protection of the Brazilian economy and added that exports for the US will require new destinations.
-S using Andre Loureiro Dias.
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(Tagstotranslate) Minister of Finance in Brazil
