Possible scenario
Bilateral Rupture
12%
−1.3%
The U.S. rejection of Flávio’s formal claim does not fully settle the issue if Trump publicly elevates him as Brazil’s opposition figure. Brasília could retaliate diplomatically, especially if Flávio is given privileged access or protection.
What it moves
- Finance−1.8%
- Non-Energy Materials−1.5%
- Riskier companies' borrowing costs
- Market volatility
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