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Brazil Finance Minister Fernando Haddad Says Meeting With Scott Bessent Was Canceled

BRAZIL, AUG 11 – Brazil cancels talks after U.S. imposes 50% tariffs affecting about 10,000 companies, linking trade tensions to Bolsonaro's trial over an alleged 2022 coup attempt.

Summary by Bloomberg
Brazil Finance Minister Fernando Haddad said in a local television interview on Monday that a long-sought meeting with US Treasury Secretary Scott Bessent was canceled and hasn’t been rescheduled.

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Finance Minister Fernando Haddad said in an interview with GloboNews that Brazil will file a lawsuit with the WTO (World Trade Organization) against the measure and that Brazilian exporters and US importers are appealing to the US courts. "You can't tell Brazilian businesspeople to give up on entrepreneurship because there's a 'child making trouble' in the United States," he said. He may have been referring to US President Donald Trump (Republic…

Federal President Eduardo Bolsonaro (PL-SP) says there is no blame for the cancellation of the meeting that Minister Fernando Haddad (Fazenda) would have had in the next quarter (13) with US Secretary of Treasury Scott Bessent, to discuss the over 50% tax rate in Brazil.

·Brazil
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According to Haddad, Federal Member Eduardo Bolsonaro is responsible for interfering in the negotiations between Brazil and the United States.

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Metrópoles broke the news in on Monday, August 11, 2025.
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