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Investing.com -- Brazil Finance Minister Fernando Haddad revealed Monday that a planned meeting with US Treasury Secretary Scott Bessent was canceled with no new date set.
Speaking in a local television interview, Haddad said Brazil trade is not a focal point for the US government. He mentioned attempting to reschedule with Bessent but has not been successful so far.
The cancellation represents a further deterioration in relations that have rapidly worsened since US President Donald Trump imposed 50% tariffs on Brazilian goods earlier this month. These tariffs are part of a pressure campaign to persuade Brazil’s Supreme Court to drop coup attempt charges against former Brazilian President Jair Bolsonaro.
During the interview, Haddad suggested that Bolsonaro allies in the US may have played a role in preventing the meeting with Bessent, which was originally scheduled for this week.
"The official reason given was a ’lack of availability,’" Haddad said, calling this explanation "unusual."
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