Measure was announced by American president Donald Trump in response to the devaluation of Brazilian real and Argentine peso.
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Exports by the bloc’s members were up a meager 0.4% in Q1, while imports slid by 1.2%. The organization points out the negative effects of the USA-China trade war.
The president of the United States made the announcement during the visit of his Brazilian counterpart Jair Bolsonaro to Washington, DC.
Ricardo Amorim, host of Manhattan Connection, gave a lecture to Arab Brazilian Chamber associates this Thursday. He has good expectations regarding foreign investments and Brazilian economic growth.
Global expansion is weakening amid risks, says International Monetary Fund economic counsellor and director of Research Gita Gopinath.
Foreign sales of basic goods rose 2.7% in September, while sales of other items dropped 7%, according to Fundação Getulio Vargas (FGV).
The average number of measures per month went from three to six amid the trade war triggered by United States president Donald Trump.
The Arab country’s Energy minister Khaled Al Faleh made the statement on the same day that USA president Donald Trump criticized the OPEC for driving prices up.
