BUZZ-US-traded Brazil shares dip after Trump says to charge 50% tariff

Reuters

07/10

BUZZ-US-traded Brazil shares dip after Trump says to charge 50% tariff

** U.S. shares of Brazilian companies dipped in extended trade on Wed after President Donald Trump said his administration will charge Brazil with a 50% tariff on products sent to the U.S. starting August 1

** U.S. shares of Petroleo Brasil last down 1.3%, Embraer down ~6%

** iShares MSCI Brazil ETF down 2%

** The real weakened from about 5.45 per dollar to 5.58 per dollar

** In a letter to Brazilian President Luiz Inacio Lula da Silva, Trump expressed support for former Brazilian President Jair Bolsonaro

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))

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