Brazil Ignores Trump’s Tariff After Currency Complaints - News Summed Up

Brazil Ignores Trump’s Tariff After Currency Complaints


So when Trump asks for lower rates, Wall Street thinks real rates in the U.S. are going to zero, or negative. Brazil may be benefiting from the prospect of a weaker dollar this morning, instead of selling on tariff news. However, Brazil has never been called a currency manipulator, so Trump calling them out on Monday is a first. He also did not seem convinced that Brazil was a currency manipulator, instead switching to discuss China shortly afterwards. “I believe what the president was concerned about was the deterioration in the Brazilian currency — and that's a fair factor to take into account,” he said.


Source: Forbes December 02, 2019 14:48 UTC



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