Investing.com -- Brazil’s Finance Minister, Fernando Haddad, announced on Tuesday that the country will not be revealing any countermeasures to the trade tariffs recently imposed by the United States. Haddad made this announcement at an event hosted by Bradesco BBI.

The finance minister’s remarks come against the backdrop of the ongoing trade dispute between the U.S. and China. The situation between these two economic giants is evolving daily, making the outcome uncertain.

Haddad emphasized that in such a situation, it would be detrimental for Brazil, Latin America’s largest economy, to act without careful consideration. He believes that any rushed action could potentially lead to adverse effects. Therefore, Brazil will continue to monitor the situation before deciding on any course of action.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.