BRICS Nations Dump Billions in US Debt, Brazil Cuts $5 Billion in October Alone

[wisdom01]

In a significant shift in trade policy, U.S. President Donald Trump lifted punitive tariffs on approximately 200 Brazilian products in November, including key exports like coffee and beef. The tariffs, a 50% surtax implemented in August, were initially imposed after the White House accused the Brazilian government of actions constituting an "unusual and extraordinary threat" to U.S. national security and criticized the judiciary during Bolsonaro's trial. The reversal followed Trump's public praise for President Lula and was part of a broader U.S. move to lower food costs. The "tariff war" had shaken the global economy earlier in the year.