International

US, Brazil planning Biden-Lula meeting in Washington

Foto: Evaristo Sa / AFP

| By AFP |

Brazilian president-elect Luiz Inacio Lula da Silva and US officials said Friday he is planning a trip to meet with President Joe Biden at the White House before taking office on January 1.

“I can confirm that we are planning for a visit,” White House National Security Council spokesman John Kirby told reporters. “We look forward to welcoming President Lula here at the appropriate time.”

Kirby said Biden’s national security advisor, Jake Sullivan, would travel to Brazil Monday to meet with the incoming Lula team, as well as with outgoing President Jair Bolsonaro’s administration.

Veteran leftist Lula defeated far-right incumbent Bolsonaro in a hard-fought election in October, returning to power after two presidential terms from 2003 to 2011.

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Lula said he and Sullivan would “hold talks and discuss the date” for a visit to Washington — probably after December 12, the day his victory is formally ratified by Brazil’s electoral tribunal, he told a news conference in Brasilia.

US-Brazilian relations have chilled since Biden defeated former president Donald Trump, Bolsonaro’s political role model, in the 2020 US election.

But ties look set to warm under Lula.

Biden was one of the first world leaders to congratulate him on his election win.

“I think we have a lot to say to each other,” Lula said.

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“The United States is facing the same problems with democracy as Brazil. The damage Trump did to American democracy is the same as what Bolsonaro did to Brazil.”

Diplomatic issues on the table will include “US-Brazilian relations, Brazil’s role in the new geopolitics (and) the unnecessary Ukraine war,” Lula said.

The Biden administration will also likely be keen to discuss climate policy, after four years of surging deforestation in the Brazilian Amazon under agribusiness ally Bolsonaro.

Lula vowed last month at the UN climate conference in Egypt — which Bolsonaro skipped — to fight for zero deforestation in Brazil’s 60-percent share of the world’s biggest rainforest, a key resource in the fight to curb climate change.

The incoming president said he would also begin naming his cabinet ministers after December 12 — with markets particularly anxious over his pick for finance minister, amid concerns about how his government will pay for his promised social spending.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.