The dollar is trading slightly higher this Thursday morning.

At 9:27 am (Brasilia time) this Thursday (16), the commercial dollar It was operating with a slight increase of 0.22%, quoted at R$ 5.0870, but with an accumulated loss of 0.37% in the partial week. Yesterday (15), exchange It closed the day with a negative trend (-0.02%), at R$ 5.0760. DXY The index that compares the strength of the dollar against major global currencies was showing an upward trend (+0.06%). This morning, the Brazilian market was reacting to the decision. from the Office of the White House Trade Representative (USTR) to apply 25% tariffs on products from Brazil, through Section 301 of the United States Commerce ActThe measure comes into effect on July 22In recent days, the agency had initiated a public hearing, which included the participation of Brazilian authorities and those from other countries investigated for unfair trade practices. In total, the USTR office opened approximately 80 commercial investigationswhich could affect Chinaa European Uniona Indiathe Japan, South Korea and the MexicoIn the case of Brazil, the Pix This was among the main issues raised by the USTR, which argued that the payment system restricted the operations of US companies in Brazilian territory. In a statement, the U.S. trade representative, Jamieson GreerHe stated that "the extensive negotiations with Brazil over the past year have not resolved these issues, but we remain open to continuing negotiations with Brazil to promote much-needed changes." President Luiz Inácio Lula da Silva He stated on his social media that the country "will immediately begin the procedures to activate the instruments foreseen in Law of Reciprocity, approved unanimously by National Congress"…and will revisit the topic within the framework of the World Trade Organization's dispute settlement mechanism." Brazilian associations and institutions are already speaking out against the new US surcharge and how it affects national shipments. The president of National Confederation of Industry (CNI)Ricardo Alban has already stated that "the scenario tends to worsen, further eroding the competitiveness of Brazilian industry." On the US economic agenda, investors are awaiting the release of data from… retail sales in the United Statesas well as unemployment benefit application registration Last week, these indicators provide clues about the progress of US monetary policy. In the domestic market, the Brazilian Institute of Geography and Statistics (IBGE) It was reported today that the volume of retail sales registered a monthly increase of 0.1% in May, in the seasonally adjusted series, compared to a decrease of 1.6% in April (revised figure from 1.5%). The market expectation was for a larger increase of 0.5%.

This text was translated by machine from Brazilian Portuguese.