The Brazilian real remains stable near its daily high, President Lula says he is preparing to deal with Trump's tariffs.

date
18/07/2025
The Brazilian stock index maintained a decrease of about 0.1%, while the Brazilian real against the US dollar maintained an increase of 0.1%, stabilizing around the daily high of 5.5571 reais that occurred at 22:48 Beijing time. The S&P 500 index rose by 0.44%, the Dow Jones rose by 0.31%, and the Nasdaq rose by 0.76%. Brazilian President Lula stated that Brazil is defending the multilateral mechanism. In response to the tariff threats made by US President Trump, "we are actively preparing." I do not believe that there is a crisis between the two countries. "We are calm," the Vice President and Foreign Minister have been negotiating in recent months. Brazil is open to negotiations, but will not accept unreasonable demands. Brazil will assess and tax a range of major tech companies. The Bolsonaro family must be seen as traitors.