U.S. and Brazil must reduce dependence on China imports, Pompeo says
U.S. Secretary of State Mike Pompeo warned on Monday the United States and Brazil need to reduce their dependence on imports from China for their own security as the two countries reinforced their business partnership, Trend reports citing Reuters.
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 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.