Brazil Urges Trade Talks With U.S
Digest more
Brazil, Jair Bolsonaro
Digest more
BRASILIA - Brazil's highest court on Wednesday upheld most of a controversial presidential decree raising the country's financial operations tax (IOF), handing a revenue-boosting win to President Luiz Inacio Lula da Silva's government.
His decree regulating the trade reciprocity law, which Brazil's Congress passed in April, should be published in the official gazette on Tuesday, Costa added. Last week, U.S. President Donald Trump said he would impose a 50% tariff on Brazilian exports.
Protesters were dressed in national colors, holding Bibles and signs with crosses, singing Christian hymns and shouting battle cries as a mob violently invaded and vandalized the federal government’s headquarters.
The Brazil Treasury's outlook for the country's gross public debt has worsened, with a forecast rise by 10.6 percentage points during President Luiz Inacio Lula da Silva's current term, 0.6 point higher than its previous estimate in December.
Protesters, supporters of Brazil's former President Jair Bolsonaro, storm the the National Congress building in Brasilia, Brazil, Sunday, Jan. 8, 2023. (AP Photo/Eraldo Peres) Eraldo Peres/AP