Happy Friday! Today, with no action from the WTO, Brazil takes trade disputes into its own hands. Bolsonaro called in to testify at the Federal Police. Brazil’s inflation perception.
Decree greenlights trade retaliations
President Jair Bolsonaro issued a decree on Thursday allowing the country to retaliate against members of the World Trade Organization (WTO) when trading partners fail to comply with accords. The move has two specific targets in the short term: India and Indonesia, with whom Brazil has ongoing disputes over barriers on Brazilian sugar and poultry exports, respectively.
Why it matters. The Brazilian government says the move is...