The dollar fluctuated little against the real this Tuesday (25) in a session once again marked by the wait for the government’s announcement of fiscal measures, while attention also turned to the promise of the president-elect of the United States, Donald Trump, to impose new tariffs.
At around 2:42 pm, the dollar in cash rose 0.14%, to R$5.8082 on sale. The Ibovespa registered an increase of 0.82%, to 130 thousand points.
The market continues to expect that the government will announce a package of cost containment measures this week, as guaranteed by the Minister of Finance, Fernando Haddad, the day before.
On the data front, IBGE reports that the rise in the IPCA-15 surprisingly accelerated in November, with the index’s advance in 12 months exceeding the ceiling of the target pursued by the Central Bank and generating fears of uncontrolled inflation.
Abroad, global markets were digesting Trump’s announcement that he will impose 25% tariffs on all products from Mexico and Canada, as well as additional tariffs on imports from China, when he takes office on January 20, 2025.
The promises raised new concerns about possible trade wars starting next year, with several central bank officials and heads of state criticizing Trump’s intentions.
International scenario
The president-elect of the United States, Donald Trump, said yesterday that he would impose a 25% tariff on all products from Mexico and Canada that enter the United States.
“On January 20th, as one of my many first executive orders, I will sign all necessary documents to charge Mexico and Canada a 25% tariff on ALL products entering the United States and its ridiculous open borders,” Trump said in a statement. a post on Truth Social.
Trump said the tariffs would remain in effect until both countries crack down on drugs like fentanyl and immigrants crossing the border illegally.
Domestic context
The Minister of Finance, Fernando Haddad, stated that the spending review measures had already been defined by President Luiz Inácio Lula da Silva (PT), but did not provide the date for announcing the package.
“The most important thing is that today’s meeting was definitive, we reached an understanding within the government, the president has already decided the last issues”, he stated.
