Brazil, Jair Bolsonaro and Trump
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Brazil's chief prosecutor has recommended a guilty verdict in the trial of former president Jair Bolsonaro, who is accused of leading a coup plot that sought to overturn the 2022 election result.
Donald Trump’s recent decision to impose 50% tariffs against Brazil to support Jair Bolsonaro has sparked controversy. Critics believe the move could harm rather than help Bolsonaro, rallying support for his opponent Lula amid fears of economic fallout.
Donald Trump tried to settle a political score when he dragged Brazil to the center of his trade war. In doing so, he’s threatening the presidential chances of the man investors believe has the best shot at beating Luiz Inacio Lula da Silva.
Following Trump’s 50% tariff hike on Brazilian goods, a decree creates fast-track process for countermeasures against countries targeting Brazilian interests.
US President Donald Trump's backing for a far-right Brazilian ally could inadvertently boost leftist President Luis Inacio Lula da Silva's flagging political fortunes, analysts say.