Virtual Meeting Between US and Brazil Finance Chiefs Called Off

In a recent development, Brazil's Minister of Finance, Fernando Haddad, revealed to GloboNews that a scheduled virtual meeting with United States Treasury Secretary Scott Bessent has been abruptly cancelled. Haddad pointed to the involvement of White House activists and certain advisors as the reason behind this unexpected turn of events.

Trade Issues Take a Backseat

According to Haddad, the current trade disputes between Brazil and the US are not a priority for the American side at this moment. This cancellation comes at a time when both nations were expected to discuss the sanctions imposed by Washington on Brazil's Supreme Federal Court Justice, Alexandre de Moraes.

Escalating Trade War

The tension between the two countries has been further exacerbated by the US's decision to impose a hefty 50% tariff on Brazilian imports last month, citing national security concerns. In response, Brazil has taken its grievances to the World Trade Organization (WTO), marking a significant escalation in the ongoing trade dispute.