Brazil is well-placed to weather a trade war as a top exporter of vital commodities with strong links to the world’s big three economic blocs, said finance minister Fernando Haddad.
“Brazil is in a privileged situation,” he told the Financial Times in an interview ahead of a trip to Europe. Haddad said he had high hopes for a free trade deal agreed between the EU and South American countries, while also boasting of an “excellent bilateral relationship” with China and calling the US “a historic partner”.
Haddad, a former academic and longtime ally of veteran leftwing President Luiz Inácio Lula da Silva, was chosen to oversee Latin America’s largest economy when Lula returned to power in 2023.
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