The withdrawal of the tariffs announced by Trump was better than many people had imagined

For RB Investments' chief strategist, Gustavo Cruz, the announcement by United States President Donald Trump about the withdrawal of the extra 40% tariffs on Brazilian products was very positive. "It was better than many people had imagined due to the announced percentage. We have seen over the past few months a very significant drop in agribusiness. This led to layoffs and a drop in exports," he said to Broadcast, a real-time news system from Grupo Estado. "Brazil was going to grow less because of the tariffs." He recalls that the U.S., even though currently the second-largest trading partner and not the first like China, is still very relevant to Brazil. "It is very important for Brazil to have a good trade relationship with them. And we see ...