Abstract:Last week, the US president urged Brazilian authorities to end their prosecution of the countrys former President Jair Bolsonaro.
Trump first threatened the investigation in a letter to Brazils president, Luiz Inácio Lula da Silva, last week.
In the same letter, the US president announced a 50% tariff on Brazil starting on 1 August. Lula said in response that Brazil would match any increase in tariffs.
Last year, trade between the two countries was worth $90bn (£67.2bn).
Washington reported a trade surplus with Brazil of $7.4bn in 2024, a 33% percent increase on the previous year.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.