US seeks to sway Brazil on Chinese 5G with $1-billion deal

Brasilia: The United States promised Brazil $1 billion in financing toward US imports Tuesday, adding a carrot to its campaign to convince the country not to use China’s Huawei to develop its 5G network.

The deal includes loans, guarantees and insurance to fund Brazilian imports of US goods and services — “especially in the telecommunications area and the important 5G modern telecommunications network,” said US National Security Advisor Robert O’Brien, who presided over the signing during a visit to Brazil.