Brazil, Trump and tariffs
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The USD/BRL remained in a tight range last week as market participants awaited the upcoming Fedand Brazilian Central Bank rate decisions
Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on the South American nation's exports from August 1.
Orange juice prices in the U.S. are already high. The suit argues that the tariff would lead to retail price hikes of up to 25 percent.
Embraer's strong backlog, record deals, and favorable FX exposure provide medium/long-term support, but near-term uncertainty is high. Read why ERJ is a Hold.
A Supreme Court judge ordered an investigation into potential insider trading in Brazil’s currency markets around the announcement of US tariffs on Brazilian goods.
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Cryptopolitan on MSNSão Paulo faces major job and economic losses if the U.S. goes ahead with a 50% tariff on Brazilian goods
Faced with the looming prospect of a 50% U.S. tariff set for Aug. 1, officials in Brazil’s richest state are rushing to soften the blow on local companies and jobs. Governor Tarcísio de Freitas said on Saturday that as many as 120,
Trump has recently announced preliminary trade deals with Japan and other countries, and many of his paused “reciprocal” tariffs are set to resume next month.
Brazilian Finance Minister Fernando Haddad said on Thursday a contingency plan in response to higher U.S. tariffs will be presented to President Luiz Inacio Lula da Silva from Monday and will include a menu of measures,