Brazil’s balance of trade reports a surplus of $3.7 billion in November—the third highest result for the month. In 11 months, the positive balance surpassed $51 billion.
Brazil’s trade with countries in the G20—the world’s 20 top economies—is likely to face tariffs 120 percent higher than they currently are, should the US–China commercial war and the rise of protectionism further reduce the reach of the World Trade Organization (WTO).
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