Brazil Reacts to Trump's Tariff Threat, Finance Minister Seeks Dialogue

Brazil’s government is in crisis mode following President Trump’s 50% tariff announcement on Brazilian exports, prompting urgent cabinet meetings in Brasilia. Finance Minister Haddad seeks dialogue to de-escalate, while President Lula forms a response group before the August 1 deadline. Embraer and banks like Itau Unibanco and Banco Santander see share declines. U.S. consumers face higher costs without Brazilian alternatives. Brazil’s reciprocal measures are on standby. Diplomatic efforts intensify, hoping for exemptions or delays. Industry groups push for balanced talks. The crisis highlights the delicate balance of economic and diplomatic interests between the two nations.

Read more at Quiver Quant: Brazil Scrambles Diplomatic Effort as Trump’s 50% Tariff Looms