Trump to Impose 50% Tariff on Goods From Brazil

This is a bit of a surprise. I mean, we knew, of course, some sort of higher tariff was in play. But to go from what the presumption was, was ten, maybe even 15% to all the way 50%, what's driving that at the baseline scenario was like a 10% tariff.But then after the rhetoric between both countries this week, some portfolio managers spoke to, they're expecting a slightly higher number, which could be around 20%. But then Trump announced that a much higher, a much bigger number of 50%. And the reaction in th ...