Under the threat of a 50% tariff from Trump, assets in Brazil plummet, market volatility may further intensify.

According to Wisdom Financial APP, due to President Trump's announcement that the United States will impose a 50% tariff on all Brazilian products starting from August 1, 2025, Brazilian assets have plummeted sharply. The Brazilian IBOVESPA index fell more than 1%. The exchange rate of the Brazilian real against the US dollar fell 0.7% on Thursday after falling more than 2% on Wednesday. In pre-market trading on Thursday, the iShares MSCI Brazil ETF, which tracks Brazilian stocks, fell 3.2%.