US EditionBrazil’s Market Rebounds as Government Seeks Calm Amid US Tariff Crisis
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4 Articles
Brazil’s Market Rebounds as Government Seeks Calm Amid US Tariff Crisis
Brazil’s stock market staged a cautious comeback on August 6, ending the day with the Ibovespa at 134,538 points—just over 1% higher than before. This rebound happened even as the United States began charging hefty new tariffs, raising the cost of many Brazilian exports by 50%. Despite the threat to trade, Brazil’s government quickly announced […]
The new scheme will tax imports from nearly 200 countries, with rates varying according to the origin and type of agreement reached with Washington, as well as the relationship of the respective governments with the US. More information: Trump demands the EU to "give" him 600 billion in investments in exchange for not restarting the tariff war.
More affected sectors by the US tariff, such as coffee and fish, are still waiting for some measure of the government to mitigate losses with the closure of the US market, one day before the new 50% Import Tax begins to fall. American coffee importers have adopted a strategy of waiting and asking for ships to be placed on board, explains Marcio Ferreira, President of the Brazilian Council of Exporters of Coffee (Cecafé), after running to increas…
On the evening of the entry into force of the 50% rate on certain exports from Brazil to the United States, the Minister for Planning and Budget Simone Tebet stated that the quota plan for the protection of affected exporters is ‘containing’. However, the federal government expects a return from the White House or the taxes to be added. According to the Minister, there is hope that the inflational impact on products such as meat, coffee and frui…
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