Brazil confirmed that the meeting with the US Treasury Secretary was canceled. On the other hand, BRICs countries seek to strengthen their association.
After the imposition of tariffs by USA, Brazil requested consultations with the administration of Donald Trump to the World Trade Organization (WTO) For 10% rates to all Brazilian products and an additional tariff of 40% to certain products. In addition, Brazil’s finance minister, Fernando Haddadconfirmed that the meeting was canceled with Scott BesentSecretary of the American Treasury. On the other hand, BRICs countries seek to strengthen their association.
The government of Lula da Silva alleges that The measures are incompatible with the obligations of the United States under several provisions of the General Agreement on Customs and Trade Tariffs (GATT) of 1994 and the Understanding of difference solution (ESD) When looking for reparation through tariff measures, instead of resorting to the standards and procedures of ESD.
Brazil canceled a key meeting with the US Treasury Secretary
Brazil’s finance minister, Fernando Haddadsaid Monday that the meeting scheduled with the Secretary of the Treasury of the United States, Scott Besent, It was canceled and? There is no new date for the meeting.
Lula’s key official said in a local television interview that Trade with Brazil is not a focal point for the United States government He added that He tried to reprogram with Besent but was not successful.
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Photo: CNN in Spanish
The cancellation marks the last setback in a relationship that quickly deteriorated since Trump imposed tariffs of up to 50% to some Brazilian products with the intention of pressing the Brazilian Supreme Court to withdraw the position of attempted coup against the former president against the former president Jair Bolsonarowho was convicted of the coup attempt of 2023.
Haddad Headed negotiations with USA And he had expressed his hope that conversations with Besent will lead to additional advances after the Trump administration exempt almost 700 products from the highest levies They entered into force last week.
Putin contacted Lula and reinforce the BRICS Association
In the middle of this dispute, Vladimir Putin He called Monday to Lula da Silva to reinforce in this context the association of the BRICs and within the framework that Russia did not designate diplomats in Brasilia.
The conversation, which lasted 40 minutes, addressed a series of diplomatic and economic issues, including cooperation between the two countries within the BRICs. Putin thanked Lula for the positive results of the BRICS Summitheld in July this year in Rio de Janeiro.
Lula also called Thursday to Narendra ModiPrime Minister of India, to seek a joint response from BRICS to US tariffs.
What does a request for consultations imply?
The request for consultations formally initiates a WTO dispute between two countries. The consultations provide the parties opportunity to discuss the matter and find a satisfactory solution Without resorting to litigation.
Once 60 days have elapsed, if the consultations fail to resolve the dispute, the claimant can request the resolution of a special group.
Source: Ambito
