Outside the Box
Brazil’s onerous taxes and political turmoil make investors wary, but an international court ruling could change their minds
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The Trump administration’s recent “tariff letters” hit Brazil the hardest. But adding to Brazil’s predicament, the policies of Lula da Silva’s government risk the potential for Latin America’s largest and most diverse economy.
Beginning Aug. 1, Brazil’s imports to the U.S. will be whacked with 50% tariffs — despite being one of the few countries with which the U.S. has an actual trade surplus. Those tariff rates would be higher than the average U.S. tariff on China.
