Brazil's Finance Minister, Fernando Haddad, has announced that the decision regarding his exit from the position will be determined by an upcoming meeting with President Luiz Inácio Lula da Silva. This meeting is scheduled for Thursday, and its outcome will influence whether Haddad will accompany Lula on a significant trip to the United States in March. According to Haddad, this trip is set to take place between the 15th and 20th of March and holds potential ramifications for Brazil's international relations, especially in terms of trade and commerce.

Haddad noted that the confirmation of his travel depends on the discussions with Lula, indicating that the timing of his departure may split based on whether he participates in the U.S. visit or not. In addition to this crucial meeting, the minister has been facing pressure to run for governor of São Paulo in the upcoming elections, although he has expressed his preference for coordinating Lula's re-election campaign instead of pursuing a governorship. This dynamic showcases the political maneuvering within Lula's administration.

During the anticipated meeting with U.S. President Donald Trump, Lula aims to address ongoing tariff issues affecting Brazilian products and to negotiate terms related to critical minerals and rare earth elements, which are essential for various industries. The discussions could lead to a significant improvement in bilateral trade relations between the two countries, affecting Brazil's economic landscape and its strategic resource management.