🧐 Trade worries?

Good morning! After her Golden Globe triumph on Sunday night, Brazil’s Fernanda Torres gained an eye-watering 1 million Instagram followers in just 24 hours. Having won Best Actress in a Drama Motion Picture for her role in “I’m Still Here,” she will now be hoping for an Oscar nomination later this month. 

Brazilian manufactured exports continue to lose ground

Brazil registered a USD 74.6 billion trade surplus in 2024, according to newly released data from the Industry and Trade Ministry. Although this marks the second-largest surplus on record and exceeded market expectations, it also reflects a decline of nearly 25% from the previous year.

What's happening. China’s economic woes (marked by sluggish consumer spending, high debt levels among local governments, trade uncertainty and a still shaky property market) have pushed commodity prices down. The Asian giant is the top buyer of Brazilian basic products.

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