Feb 20 β€’ 18:05 UTC πŸ‡§πŸ‡· Brazil G1 (PT)

Haddad says Brazil acted 'impeccably' after tariff increase and that US court decision favors affected countries

Brazil's Finance Minister Fernando Haddad praised the country's diplomatic efforts and actions following a significant increase in US tariffs, highlighting a recent US Supreme Court ruling that deemed the tariffs illegal.

On Friday, Brazilian Finance Minister Fernando Haddad asserted that Brazil responded 'impeccably' to the recent hike in tariffs by the United States, commonly referred to as the 'tariffazo.' The statement came in light of a Supreme Court ruling in the US that found the tariffs imposed by the previous administration to be illegal, potentially benefiting countries impacted by these tariffs. Haddad used his social media platforms to emphasize Brazil's proactive stance during this trade conflict and the importance of diplomatic channels in addressing such matters.

Haddad praised Brazil's diplomatic efforts, stating that the country maintained a proper diplomatic conduct at all times, focusing on dialogue and engagement through appropriate international channels such as the World Trade Organization (WTO) and US courts. He highlighted the establishment of direct diplomatic relations and discussions to address significant issues, reflecting positively on Brazil's bilateral relations. The Finance Minister's comments underline Brazil's commitment to resolving trade disputes through legal and diplomatic avenues rather than through retaliation.

The implications of Haddad's remarks indicate a desire for Brazil to strengthen its international standing and reinforce its role in global trade discussions. By pointing out the illegal nature of the US tariffs as recognized by the Supreme Court, Haddad aims to rally support from other affected nations and show Brazil’s leadership in advocating for fair trade practices.

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