Brazilian Economy

‘Tariff Man’ Trump Has Brazil All Wrong

Kenneth Rapoza, Forbes President Donald Trump reinstated tariffs on Brazilian steel and aluminum. Steel is a top 10… [+] EVAN VUCCI / ASSOCIATED PRESS President Trump has Brazil all wrong. And the market seems to think so as well, because the country’s stock market is beating the S&P 500 and the rest of the emerging markets index again on Wednesday. The self-described “tariff man” reinstated tariffs on Brazilian steel on Tuesday. He blamed a weak Brazilian real for his decision, saying the weakened [...]

Brazilian Government Will Keep Only Petrobras and Two Federal Banks

Privatization secretary Salim Mattar says that only oil company and banks Caixa Econômica Federal and Banco do Brasil will remain in the government Joana Cunha Folha de S. Paulo Salim Mattar, Bolsonaro’s appointee to oversee the privatization of state companies, said on Tuesday (29th) that the government wants to keep only Caixa Econômica Federal, Banco do Brasil and Petrobras and sell the rest of all state-owned companies. “We already have the president’s support to reassure that only these three will remain. And they [...]