Brazil to seek new partners to reduce impact of new US tariffs
“We will seek out other partners. If they don’t want to buy, we’ll sell to whoever does. We won’t just sit around complaining. If they don’t want to invest here, we’ll look for someone else. Brazil is its own master. This is a democratic and sovereign country,” he told his cabinet ministers.
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Among other issues, to justify the measure, the agency accuses Brazil’s instant payment system Pix of “unfairly” harming US companies that provide electronic payment services – such as credit card operators MasterCard and Visa and WhatsApp Pay.
G7 summit
President Lula stated he will attend the G7 summit in June in France, which had not been part of his plans originally. The event brings together the leaders of Germany, Canada, the US, France, Italy, Japan, and the UK. Brazil will attend as a guest of the host, French President Emmanuel Macron.
“I wasn’t even going to the G7, but now I am. Someone needs to try to bring order to the house and stop this dismantling of multilateralism, democracy, and the devaluation of institutions. If the UN isn’t working today, we’re not going to fix the world by destroying the UN; we’re going to fix it by rebuilding the UN,” said Lula, reaffirming his support for strengthening the United Nations and reforming its Security Council.