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BTCC / BTCC Square / Global Cryptocurrency /
Trump’s Tariff Threat Rattles Brazilian Markets

Trump’s Tariff Threat Rattles Brazilian Markets

Author:
Global Cryptocurrency
Published:
2025-07-10 06:51:01
21
3
BTCCSquare news:

Former US President Donald Trump's pledge to impose a 50% tariff on Brazilian goods sent shockwaves through the country's financial markets. The announcement, made via Truth Social, targeted Brazil's government over its treatment of ex-president Jair Bolsonaro and alleged censorship of US social media platforms.

Brazil's currency plunged 2.3% to R$5.58 against the dollar following Trump's remarks, while the Bovespa stock index futures extended losses to 2.3%. The move forms part of a broader strategy targeting 22 nations as TRUMP seeks to pressure trading partners into negotiations.

|Square

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