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.”

Any final decision is up to the Brazilian administration, and sovereignty is an aspect that the US government is trying to preserve in the world economy(!), Tai said Wednesday in an interview with Bloomberg’s Head of Economics and Government Stephanie Flanders.