Brazilian markets reel after Trump slaps surprise 50% tariff

Brazilian markets reel after Trump slaps surprise 50% tariff

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Brazil’s financial markets experienced a shaky opening on Thursday after US President Donald Trump unexpectedly raised new tariffs on Brazilian exports to 50%, compared to the 10% level he had earlier proposed. According to Reuters, the decision reverberated through financial circles, triggering the largest currency tumult in months, as well as spooking investors from several […]

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