Brazil has reached an impasse with the US over the record tariffs it has imposed on the South American nation, its finance minister Fernando Haddad has said, insisting a solution depends more on Washington’s willingness to resolve the issue.
The US imposed 50 per cent tariffs on most Brazilian exports after President Donald Trump accused the country of conducting a “witch-hunt” against his ally, far-right former president Jair Bolsonaro, and demanded his supreme court trial be halted.
“The US is trying to impose on Brazil a solution which is constitutionally impossible,” Haddad said in an interview at an FT Live-Times Brasil/CNBC conference in São Paulo. “An impasse has been reached, it’s a request which cannot be fulfilled.”
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