Politics
Bolsonaro Surge in Brazil Opens Door to Commodities Trade Shift
Key Points
Trade Bolsonaro Surge in Brazil Opens Door to Commodities Trade Shift A surprising first round in Brazil’s presidential election is raising the prospect of a recalibration in trade policy, with a possible Flávio Bolsonaro government likely to deepen ties with Washington while preserving much of the country’s push to diversify markets. Right-wing candidate Bolsonaro produced a strong showing against leftist President Luiz Inácio Lula da Silva in Sunday’s vote. An eventual victory could bring...
Trade
Bolsonaro Surge in Brazil Opens Door to Commodities Trade Shift
A surprising first round in Brazil’s presidential election is raising the prospect of a recalibration in trade policy, with a possible Flávio Bolsonaro government likely to deepen ties with Washington while preserving much of the country’s push to diversify markets.
Right-wing candidate Bolsonaro produced a strong showing against leftist President Luiz Inácio Lula da Silva in Sunday’s vote. An eventual victory could bring a more market-oriented approach and closer connection with US President Donald Trump, potentially opening the door to further gains in areas including beef, ethanol, steel and critical minerals.