President Joe Biden’s top trade negotiator suggested Brazil should consider the risks of joining China’s Belt and Road Initiative before making any final decision regarding the Asian country’s massive infrastructure program, Bloomberg news service reported.
Speaking at Bloomberg New Economy at B20 in Sao Paulo, US Trade Representative Katherine Tai said she “would encourage our friends in Brazil to look at the risks in today’s economy” through “an objectivity lens, through a risk management lens” and to “really think about what the best pathway is forward for more resilience in the Brazilian economy.”
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