Brazil, Trump and Insider Trading
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bne IntelliNews on MSNBrazil braces for $32bn economic hit from Trump tariff threatBy bnl Sao Paulo bureau Brazil faces potential losses of up to BRL175bn ($31.7bn) over the next decade if the US follows through on plans to impose 50% import tariffs on Brazilian goods. The tariff threat has already triggered a Supreme Court investigation into suspected insider trading in foreign exchange markets,
Brazil's economic growth will stay on track despite the imposition of U.S. tariffs, according to a Reuters poll of economists, but inflation appears at greater risk of worsening if trade negotiations flounder.
The Trump administration says it is investigating Brazil’s trading practices. Earlier this week, U.S. Trade Representative Jamieson Greer announced that his office is investigating Brazil and their trade policies—calling them “unfair.
Donald Trump’s recent tariff on Brazil is a political gesture aimed at supporting former Brazilian President Jair Bolsonaro’s cause, despite Brazil’s large trade surplus with the
The United States has launched an investigation into “unfair” trading practices by Brazil, escalating President Donald Trump’s spat with the world’s 10th-largest economy over issues including the criminal case against its former President Jair Bolsonaro.