Brazil's Markets Face Testing Time after Trump Tariff Blow
Brazil's financial markets looked set for a bumpy start on Thursday, with traders still trying to grasp U.S. President Donald Trump's shock move to slap 50% tariffs on Latin America's largest economy rather than the 10% previously indicated.
Currency volatility gauges were at their highest since the back end of April's 'Liberation Day' panic, after the real slumped as much as 2.8% on Wednesday in reaction to what Deutsche Bank described as an escalation of tensions.
U.S.-listed shares of Brazilian firms and banks sank in...
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