The Ibovespa exchanged gains and blows at the 132,500 mark on Wednesday after US President Trump signed an executive order imposing an additional 40% tariff on Brazilian goods, raising total tariffs to 50%. The measure, citing an “unusual and extraordinary threat” to the US, to take effect in seven days. The order references former President Bolsonaro’s trial in Brazil’s Supreme Court, calling it “politically motivated”. Bras