The Brazilian real experienced a 2% decline on Thursday when it crossed the 5.60 threshold against the U.S. dollar following President Donald Trump’s announcement of a 50% tariff on Brazilian imports. The sudden declaration from Trump caused significant damage to Latin America’s biggest economy which currently faces market instability. The real’s decline reflects investor worries about escalating trade conflicts between Brazil and the United States which threaten to harm the country’s export-based economic growth.
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