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Economic turbulence followed. Brazil’s currency, the real, fell by over 2%, and the São Paulo stock exchange dropped as investors grew wary of escalating trade tensions. Analysts say the tariffs reflect Trump’s broader protectionist strategy, which now targets both China and close allies like Brazil.
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Trump’s policy platform includes aggressive trade restructuring, promising to “protect American jobs and punish globalist exploitation.” This announcement may also be aimed at energizing his political base in advance of the Republican National Convention.
