BRASILIA/WASHINGTON—U.S. Secretary of State Mike Pompeo warned on Monday the United States and Brazil both need to reduce their dependence on imports from communist China for their own security.
At a virtual summit on increased U.S.-Brazil cooperation aimed at post-pandemic recovery, Pompeo underscored the importance of expanding bilateral economic ties, given what he called “enormous risk” stemming from communist China’s significant participation in their economies.
“To the extent we can find ways that we can increase the trade between our two countries, we can ... decrease each of our two nations’ dependence for critical items” coming from China, he said.
“Each of our two peoples will be more secure, and each of our two nations will be far more prosperous, whether that’s two or five or 10 years from now,” he added.
“In the last year and a half, together with President Trump, we have elevated Brazil-U.S. relations to its best moment ever, and opened a new chapter in the relationship between the two largest economies and democracies in the hemisphere,” he said.
Two top U.S. Democratic lawmakers slammed the Trump administration for increasing trade cooperation with Bolsonaro’s government given its “abysmal record” on human rights, the environment, and corruption. The Democrats made no mention of communist China’s abysmal human rights and environmental protection record.
Pompeo said Brazil was getting closer to joining the Organization for Economic Co-operation and Development (OECD) grouping rich nations with the support of the United States.
“We want this to happen as quickly as we can,” he said.
The U.S. Export-Import Bank would back projects valued at $450 million in Brazil this year, while the U.S. Development Finance Corp had plans involving about $1 billion in projects there, he said.