The most Brazilian president referred to the global market cimbronazo after the United States advertisements. The South American nation received 10% levies on its products.
He President of Brazil, Luiz Inacio Lula da Silvasaid Monday that his country counts With a “mattress” of international reserves, Enough to resist financial impacts Derivatives of tariffs imposed by Donald Trump to its imports. During an act in Cajamar, the state of São Paulo, the president highlighted the economic strength of Brazil and recalled the reserves accumulated in his previous mandates.
“In my first two mandates (2003-2010) we made an accumulation of international reserves That he can face any crisis, even when President Trump says what he wants, “said Lula.
Lula da Silva said Brazil is prepared to face the crisis after Donald Trump’s tariffs
In an international scenario of uncertainty, the Brazilian president stressed that, during his first two mandates (2003-2010), a strategy of accumulation of international reserves that today provides security to your country. According to Lula, this policy allowed Brazil not only to stabilize its economy, but also to boost its growth, despite global adversities.
“Brazil is sure because We have a $ 350 billion mattress that give us some peace of mind, “he reaffirmed and added:”Brazil had trouble growing and in those years we paid the IMF and we managed to grow and made international reserves They continue until today. “
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Scope
Brazil currently faces a 10% increase in tariffs for all its products exported to the United States, In addition to additional rates on steel and aluminum. This situation led to technicians from the Ministry of Development, Industry and Foreign Trade to meet with American representatives this week in Washington, with the aim of discussing the new tariff scenario and seeking solutions that mitigate the impact on the Brazilian economy.
The Real devalued 4% and led to the bilateral exchange rate with Brazil to minimum of one month
The Brazilian real was devalued almost 4% last Friday, which led to the bilateral exchange rate with the neighboring country to a minimum of one month, in a context of generalized depreciations in the region. Faced with the expected weakening of the dollar globally, analysts expect a large number of countries to look for Compensate with adjustments in your coins. This could add pressure on the Argentine exchange scheme in the short term.
All the currencies of the continent, except for the Argentine weight, fell strong during the end of the week; a depreciation of the 3.8% in real, 3% in Chilean peso, 2.9% in the Colombian and 2.5% in the Mexican. The casualties also agreed with a collapse of 7% in the international price of oil to which a recoil in the value of soybeans, which touched minimum of 2025.
Sebastián Menescaldi, director of the Ecogo consultancy, spoke with this medium and said These sudden movements are a consequence of the responses to the tariffs announced by the US last Wednesday. At the local level, the economist warned that the situation adds greater pressure to the domestic exchange scheme in a context in which the Central Bank (BCRA) It is not being able to buy dollars and “The dollars of the International Monetary Fund (IMF) will serve to close the year but not for much more“
Source: Ambito
