Why brasil Is Trending Today?

Trump's proposed steel and aluminum tariffs on Brazil, dubbed the "Taco trade," are expected to escalate tensions, potentially leading to retaliation and increased trade barriers. Russia suggests the Brics group could expand in response to these U.S. measures.

Trump's 50% tariff on Brazilian steel and aluminum has increased U.S. hamburger prices, affected Brazilian export companies' stocks, halted Brazilian seafood exports, and drawn criticism from Brazil's agriculture minister, economist Paul Krugman, and international media. The tariffs may impact Brazil's PIB by up to 0.5%.