Saturday , November 28 2020
Pompeo claims that the U.S. and Brazil should reduce dependence on Chinese imports
Pompeo claims that the U.S. and Brazil should reduce dependence on Chinese imports

Pompeo claims that the U.S. and Brazil should reduce dependence on Chinese imports

On October 19, U.S. Secretary of State Pompeo warned that the United States and Brazil are currently strengthening their business partnerships to reduce their own security needs and cope with China’s import dependence.

Reuters reported that Pompeo declared at a video summit discussing the increased cooperation between the United States and Brazil after the epidemic, that he would expand the bilateral relationship between the United States and Brazil, taking into account what he said that China’s massive participation in the US and Brazil’s Economic ties are very important.

“To a certain extent, we can find a way to increase trade between the two countries. We can…reduce the two countries’ dependence on key products from China.” He said, “No matter what, two years from now, In five or ten years, the people of our two countries will be safer and each country will be more prosperous.”

In addition, Pompeo also said that with the support of the United States, Brazil is getting closer and closer to joining the ranks of the OECD rich countries. “We hope to do this soon.”

Data show that in 2019, the total trade in goods and services between the United States and Brazil is estimated at 105.1 billion U.S. dollars.

Reuters pointed out that the Trump administration is working hard to increase ties with Brazil, to compete with China, and is eager to gain some advantages in what it considers to be a new “big power” competition.

For Brazil’s far-right president Bolsonaro, he hopes to follow. But considering that China is Brazil’s largest trading partner-buying most of the soybeans and iron ore, the above thoughts have flinched.

At present, Bolsonaro has not yet decided whether to prohibit the Brazilian telecom company from purchasing 5G equipment from Huawei, as the US government is seeking.

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