"The choice of President Bolsonaro is a recognition of his strongly stated intention of fostering closer commercial and diplomatic ties between Brazil and the United States and his firm commitment to building a strong and durable partnership between the two nations," the group had said on their website.
But the chamber announced on that same site on Friday that they had been informed Bolsonaro would no longer be attending the gala.
The president's spokesman, General Otávio Rêgo Barros, told mediathe trip had been scrapped due to "the resistance and deliberate attacks by the mayor of New York and the pressure of interest groups" on event organizers.
New York Mayor Bill de Blasio had called Bolsonaro "dangerous" and said his "overt racism, homophobia and destructive decisions will have a devastating impact on the future of our planet."
The event was scheduled to be held at the American Museum of Natural History, but that facility pulled out when Bolsonaro was chosen as an honoree — a decision that drew praise from the mayor.
Several corporate sponsors also withdrew support for the event, including Delta Air Lines, the Financial Times newspaper, and Bain & Company. "Encouraging and celebrating diversity is a core Bain principle," a spokesperson for the consultancy company told media.
GLAAD, a prominent LGBT media watchdog group, had been advocating against Bolsonaro's visit, and celebrated his decision to stay away.
"This successful campaign is an important reminder that in order to gain acceptance, LGBTQ people across the globe must continue to be visible, stand together, and do everything possible to protect the hard-fought progress we’ve earned," GLAAD president and CEO Sarah Kate Ellis said in a statement.
Representatives for the Brazilian-American Chamber of Commerce didn't immediately respond to a request for comment on Saturday.
Celebrating Bolsonaro's decision to withdraw from the event, De Blasio tweeted Saturday that the president had "just learned the hard way that New Yorkers don’t turn a blind eye to oppression."
"We called his bigotry out. He ran away. Not surprised — bullies usually can’t take a punch," he wrote. "@jairbolsonaro Good riddance. Your hatred isn’t welcome here."