Eduardo Bolsonaro thanks Trump for supporting Flávio and reignites debate on institutions
Eduardo Bolsonaro publishes video following statements by Trump, who has no plans to meet Flávio and called the Brazilian election a shame.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM REVISTA OESTE · 2 MIN
According to Revista Oeste, Eduardo Bolsonaro (PL-SP) published on Sunday (1/11) a video in which he thanks Donald Trump for his support for Flávio Bolsonaro (PL-RJ). The demonstration came one day after Trump commented on the Brazilian election in a critical tone, which placed the episode at the center of attention of those who follow the country's politics.
In Florida, during a conversation with journalists at the Halloween party in Mar-a-Lago, on Saturday (10/31), Trump stated that he has no plans to meet with Flávio. According to Times Brasil, he said Flávio was treated unfairly and classified the Brazilian election as a "shame". Exame and Revista Oeste report that the American also said that Flávio is welcome in the United States and can stay in the country for as long as he wants.
The backdrop is Flávio's defeat in the election. According to Exame, he left Brazil after being defeated, while Times Brasil records that Lula (PT) won the second round. Trump, according to Revista Oeste, stated that Flávio was treated “very badly”.
In the video, Eduardo said, according to Revista Oeste, that Trump would have understood the Brazilian political scenario, and once again questioned the country's institutions. Diário do Poder records that he thanked Trump precisely after the statement about Flávio.
What is at stake goes beyond an exchange of statements between allies. When a Brazilian parliamentarian publicly thanks a foreign ruler for a gesture of support for a defeated candidate, and at the same time questions institutions, the relationship between Brasília and Washington begins to be read as part of the country's political environment.
What changes for the investor
Episodes of this type do not, in themselves, change the fundamentals of companies listed on B3 or in the United States. The effect usually appears in the political risk channel, when the investor starts to measure more carefully the institutional predictability and the conduct of the fiscal agenda of the government he assumes. These variables weigh on interest rates, exchange rates and the appetite for Brazilian assets. For those who defend fiscal responsibility and legal certainty, the point of attention is whether the relationship with the United States gains weight on the economic agenda. This reading is not a price prediction for Ibovespa, the dollar or Nasdaq.
Automatically translated from Portuguese.
